16206 2nd PL W, Lynnwood, WA 98087
16206 2nd PL W, Lynnwood, WA 98087
16206 2nd PL W, Lynnwood, WA 98087
16206 2nd PL W, Lynnwood, WA 98087
16206 2nd PL W, Lynnwood, WA 98087
16206 2nd PL W, Lynnwood, WA 98087
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:Windermere Real Estate/Summit • Ricardo Mendes
$ 1,050,000
Est. payment | /mo

6 Beds

4 Baths

3,008 SqFt

Save
$ 1,050,000
Est. payment | /mo
Save

6 Beds

4 Baths

3,008 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,008 sqft

Price per Sqft $349

Subdivision Lynnwood

MLS Listing ID 2583629

Style 52 - Duplex

Bedrooms 6

Year Built 1990

Annual Tax Amount $8,805

Lot Size 0.450 Acres

Property Sub-Type Multi Family

New Construction No

Property Description

Investor alert: A durable, cash-flowing duplex in one of Snohomish County's most rentable pockets — projected at approximately $69,780 in gross annual rent and a 5.23% cap rate, with upside as rents reset to market.Two ways to win: an established investor acquires a fully leased two-home asset with stable, diversified cash flow from day one. For someone stepping into multifamily for the first time, there is the possibility to live in one unit while the second covers much of your mortgage as a unit becomes available. This is a lower-risk entry into income property for a diverse set of investor profiles.The layout and location are a real assets, too: these are two full 3-bedroom, 2-bath homes — the size and layout people search for and stay in — with quick access to the region's largest employers via the new light rail to Seattle and the Bellevue/Eastside corridor, keeping a broad, credit-worthy tenant pool competing for quality 3-bedroom rentals.Each home is built to lease fast and stay leased: attached two-car garage, in-unit full-size washer and dryer, private fenced yard, and a comfortable single-family-style layout.

Location

Province WA

County Snohomish

Area 730 - Southwest Snohomish

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Garage Spaces 4.0

Amenities Available Cable TV, Gas Available, High Speed Internet, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Edmonds

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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16206 2nd PL W

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