15618 Admiralty Way
Lynnwood, WA 98087
$1,525,000
Price
8
Beds
6
Baths
4,128 Sq. Ft.
$369 / Sq. Ft.
4,128
Sq. Ft.
$369
per Sq. Ft.
Listing provided courtesy of Raven Commercial Real Estate
Description
This is a well maintained Fourplex in a great location. Property has a new roof and crawl space insulation (2024) New paint (2021). The seller has completed a pre-sale property inspection and addressed the maintenance punch list. Long term tenants enjoy below market rents, strong upside in bring rents to market. all units on month to month agreements. Four townhome style apartments. Each unit is two bedrooms, one- and one-half baths, washer dryer, dishwashers and disposers. Fully fenced with covered...This is a well maintained Fourplex in a great location. Property has a new roof and crawl space insulation (2024) New paint (2021). The seller has completed a pre-sale property inspection and addressed the maintenance punch list. Long term tenants enjoy below market rents, strong upside in bring rents to market. all units on month to month agreements. Four townhome style apartments. Each unit is two bedrooms, one- and one-half baths, washer dryer, dishwashers and disposers. Fully fenced with covered and uncovered parking for nine vehicles. Seller Financing offered.
- Listed by Jason D. Wilcox • Raven Commercial Real Estate
Property Details for 15618 Admiralty Way
Community Name
Lynnwood
School DistrictShoreline
Number of Assigned Spaces8
Total Covered Parking0
Entry Date10-18-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:17 PM
Property Details for 15618 Admiralty Way
| Status | Active |
|---|---|
| MLS # | 2301793 |
| Days on Market | 34 |
| Cumulative Days on Market | 34 |
| Taxes | $8,672 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1987 |
| Lot Size | 0.22 AC / 9,583 SF |
| County | Snohomish County |
Building Information for 15618 Admiralty Way
Stories2Residences4Year Built1987Building Size-Lot Size0.22 AC / 9,583 SF
Property Information for 15618 Admiralty Way
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 730 - Southwest Snohomish
- Block: 000 D-00
- Effective Year Built Source: Public Records
- Directions: From I5 west on 164th St Sw, Turn North on 36th Ave W, Turn right (east) on 156th St SW, Rt on Admiralty Way
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 0
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 4.0
- 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, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 3788
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- MLS Square Footage Source: PUBLIC RECORDS
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1987
- Photos Count: 23
Lot Information
- Lot Details: Cul-De-Sac
- Lot Number: 5
- Lot Size Source: PUBLIC RECORDS
- Parcel Number Free Text: 73580000050008
- Building Condition: Good
- Calculated Square Footage: 4128
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4128.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 16281
- Gross Adjusted Income: 73320
- Gross Rent Multiplier: 20
- Gross Scheduled Income: $75,588
- Insurance Expense: $1,821
- Net Operating Income: $57,039
- Other Expenses: $2,000
- Total Monthly Income: 6309
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1032
- Rent Unit 1: $1,335.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1032
- Rent Unit 2: $1,725.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1032
- Rent Unit 3: $1,600.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1032
- Rent Unit 4: $1,639.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4128.0
- Leasable Area Units: Square Feet
Property History for 15618 Admiralty Way
| 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 15618 Admiralty Way
Taxable ValueLand$366,700Additions$557,400Total$924,100
Tax Record2023$7,722 ($644 / month)
Home Facts
Baths4Total Finished SqFt4,128 SqFtAbove Ground SqFt4,128 SqFtStories2Lot Size9,583 SqFtStyleQuadraplexYear Built1987ZoningSICountySNOHOMISHAPN00735800000500
Schools near 15618 Admiralty Way
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 |
|---|---|---|
Spruce Primary 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Raven Commercial Real Estate
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.
