15320 40th Avenue West
Lynnwood, WA 98087
$1,299,900
Price
8
Beds
6
Baths
3,812 Sq. Ft.
$341 / Sq. Ft.
3,812
Sq. Ft.
$341
per Sq. Ft.
Listing provided courtesy of Best Choice Realty LLC
Description
Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.
- Listed by John Kim • Best Choice Realty LLC
Property Details for 15320 40th Avenue West
Community Name
Alderwood
School DistrictEdmonds
ViewTerritorial
Number of Assigned Spaces8
Total Covered Parking0
Entry Date09-26-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 01/22/2025 05:46 PM
Property Details for 15320 40th Avenue West
| Status | Active |
|---|---|
| MLS # | 2295523 |
| Days on Market | 128 |
| Cumulative Days on Market | 128 |
| Taxes | $8,857 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1980 |
| Lot Size | 0.31 AC / 13,504 SF |
| County | Snohomish County |
Building Information for 15320 40th Avenue West
Stories2Residences4Year Built1980Building Size-Lot Size0.31 AC / 13,504 SF
Property Information for 15320 40th Avenue West
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Deck, High Speed Internet
- Area: 730 - Southwest Snohomish
- Block: 11
- Elementary School: Beverly Elem
- Middle Or Junior School: Meadowdale Mid
- High School: Meadowdale High
- Effective Year Built Source: Public Records
- Directions: North on 99 to the House of Clocks. Just N of intersection turn Left on 40th W.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5520
- Power Company: Snohomish PUD
- Sewer Company: Alderwood
- Water Company: Alderwood
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1980
- Photos Count: 13
Lot Information
- Lot Details: Dead End Street, Paved
- Lot Number: 21,3
- Lot Size Source: Realist
- Parcel Number Free Text: 00372901102103
- Calculated Square Footage: 3812
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3812.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $1,800
- Total Expenses: 18436
- Gross Adjusted Income: 82680
- Gross Rent Multiplier: 16.3
- Gross Scheduled Income: $82,680
- Insurance Expense: $2,259
- Net Operating Income: $64,344
- Other Expenses: $0
- Total Monthly Income: 6890
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 950
- Rent Unit 1: $1,610.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 975
- Rent Unit 2: $1,760.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 975
- Rent Unit 3: $1,750.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 950
- Rent Unit 4: $1,670.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3812.0
- Leasable Area Units: Square Feet
Property History for 15320 40th Avenue West
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 15320 40th Avenue West
Taxable ValueLand$422,800Additions$527,300Total$950,100
Tax Record2023$7,917 ($660 / month)
Home Facts
Baths4Total Finished SqFt3,812 SqFtAbove Ground SqFt3,812 SqFtStories2Lot Size13,504 SqFtStyleQuadraplexYear Built1980ZoningMRCountySNOHOMISHAPN00372901102103Fireplace TypeHas Fireplace
Schools near 15320 40th Avenue West
This home is within Edmonds School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Beverly Elementary School PublicK to 6 | ||
Meadowdale Middle School Public7 to 8 | ||
Meadowdale High School Public9 to 12 | ||
Edmonds Career Access Program Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Best Choice Realty LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
