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Listed by:COMPASS • Erich Bubbel

Ashley DiFalco

ashandcohomes@gmail.com +1(360) 206-3306

Listed by:COMPASS • Erich Bubbel

$ 1,150,000

Est. payment | -/mo

8 Beds

4 Baths

10,791 Sqft Lot

Save

$ 1,150,000

Est. payment | -/mo

Save

8 Beds

4 Baths

10,791 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Bothell

MLS Listing ID 2602581

Style 54 - 4-Plex

Bedrooms 8

Year Built 1958

Annual Tax Amount $12,269

Lot Size 10,791 Sqft

Property Sub-Type Multi Family

Property Description

Bothell 4-unit multifamily value-add opportunity. The property features four spacious 2BD/1BA units, each approximately 1,015 SF with in-unit W/D, wood burning fireplaces and dedicated storage. Upper units feature a large shared deck. Additional highlights include a recently replaced PVC roof, large storage shed, and 10,791 SF lot, 4 carport parking spaces with enough space to fit 8 cars on the lot. Unit 3 is currently vacant, and Unit 4 is owner-occupied, offering immediate flexibility for investors or owner-users. Significant rental upside with renovated market rents projected at $2,250/unit. Current NOI of $63,296 reflects a 5.50% cap rate, with pro forma NOI of $89,288 and a 7.76% cap rate. Excellent opportunity to increase cash flow in Bothell's desirable rental market.

Location

State WA

County King

Area 610 - Southeast Snohomish

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature See Remarks, Stone, Wood Products

Amenities Available Fenced-Partially

View Y/N Yes

View See Remarks

Roof Type Flat

Building

Lot Description Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Northshore

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 206-3306

ashandcohomes@gmail.com

7700 NE Parkway Dr, Vancouver, WA 98662

10325 NE 187th ST Bothell, WA 98011

Ashley DiFalco

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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10325 NE 187th ST