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    8201 244th Street SW

    Edmonds, WA 98020
    • $4,350,000
    • STATUS: Pending Inspection
    • ON SITE: 233 days
    • ID#: 1696333
    Under Contract
    UPDATED: 39 min ago
    $4,350,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Westlake Associates, Inc..

    Description

    The Village Apartments is a 28 unit apartment located in Edmonds. This is a rare opportunity with significant upside. Market cap rate of 6.75%. Double pane windows, and a newer roof. Most unit have been turned in the past 5 years and the building has a heavy concentration of 1 bedrooms.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T18:15:22.253.

    www.nwhomeexperts.com/homes/112457388
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    8201 244th Street SW Edmonds, WA 98020

    • Price: $4,350,000
    • Status: Pending Inspection
    • Updated: 39 min ago
    • ID#: 1696333
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    1958
    Built
    Neighborhood:
    Firdale
    County:
    Snohomish
    Area:
    SW Snohomish Cty/Lynnwood/Edmonds
    School District:
    Edmonds
    Property Description
    The Village Apartments is a 28 unit apartment located in Edmonds. This is a rare opportunity with significant upside. Market cap rate of 6.75%. Double pane windows, and a newer roof. Most unit have been turned in the past 5 years and the building has a heavy concentration of 1 bedrooms.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BrickStucco Open Parking Spaces 25 Open Parking YN Yes Parking Total 25 Parking Uncovered Spaces 25 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 376380 Insurance Expense 5600 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 219852 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 28580 Tax Year 2020 Total Expenses 137709 Units In Building Total 28 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 38351 Zoning Class Multi-Family

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-30T18:15:22.253.

     
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    2211 Elliott Avenue Suite 200
    Seattle WA, 98121
    Listing Courtesy of Westlake Associates, Inc..