2118 160th Place Southwest
Lynnwood, WA 98087
$1,225,000
Price
6
Beds
4.5
Baths
3,547 Sq. Ft.
$345 / Sq. Ft.
3,547
Sq. Ft.
$345
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS
Description
AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a fully occupied tri-plex in Lynnwood. Strong portfolio starter or addition. Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint and driveway gravel. Conveniently...AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a fully occupied tri-plex in Lynnwood. Strong portfolio starter or addition. Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint and driveway gravel. Conveniently located and just minutes to I5, Shopping, Lakes, Trails, Restaurants, Schools and more! Just a block from the upcoming Ash Way Light Rail Station making for an easy commute either direction along with Very Favorable Zoning!
Listing Agent
![Kyle Walker]()
kyle.walker@compass.comP: (206)-887-1206
Property Details for 2118 160th Place Southwest
Community Name
Lynnwood
School DistrictEdmonds
ViewTerritorial
Number of Assigned Spaces11
Total Covered Parking2
Entry Date08-09-2024
Energy SourceElectric,Natural Gas,Pellet
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:48 AM
Property Details for 2118 160th Place Southwest
| Status | Active |
|---|---|
| MLS # | 2275933 |
| Days on Market | 104 |
| Cumulative Days on Market | 103 |
| Taxes | $7,133 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.21 AC / 9,148 SF |
| County | Snohomish County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 2118 160th Place Southwest
Stories2Residences3Year Built1963Building Size-Lot Size0.21 AC / 9,148 SF
Property Information for 2118 160th Place Southwest
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Cable TV, Fenced-Fully, High Speed Internet, RV Parking
- Area: 730 - Southwest Snohomish
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: GPS Friendly
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 1.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 8.0
- Open Parking: Yes
- Parking Features: RV Parking
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: Ceramic Tile, Stone, Vinyl, Vinyl Plank, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Forced Air, Stove/Free Standing
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition, Torch Down
- Security Features: PartiallyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Snohomish PUD
- Sewer Company: Alderwood
- Water Company: Alderwood
- Power Production Type: Electric, Natural Gas, Pellet
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- Zoning Class: Multi-Family,See Remarks
- First Right Of Refusal: false
- Possible Use: Multi-Family, See Remarks
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 40
Lot Information
- Lot Details: Dead End Street, Paved
- Lot Size Source: Public Records
- Parcel Number Free Text: 00473600002600
- Building Condition: Good
- Calculated Square Footage: 3547
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3547.0
- 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: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 9633
- Gross Adjusted Income: 63480
- Gross Rent Multiplier: 19.3
- Gross Scheduled Income: $63,480
- Insurance Expense: $2,500
- Net Operating Income: $53,847
- Other Expenses: $0
- Total Monthly Income: 5290
- 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: 2237
- Rent Unit 1: $2,495.00
- Bedrooms Unit 1: 4
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 3
Unit 2
- Name Unit 2: B
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 839
- Rent Unit 2: $1,595.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 471
- Rent Unit 3: $1,200.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3547.0
- Leasable Area Units: Square Feet
Property History for 2118 160th Place Southwest
| 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 2118 160th Place Southwest
Taxable ValueLand$417,000Additions$506,800Total$923,800
Tax Record2023$7,587 ($632 / month)
Home Facts
Baths4.5Total Finished SqFt2,237 SqFtAbove Ground SqFt2,237 SqFtStories1Lot Size9,148 SqFtStyleTriplexYear Built1963Zoning62CountySNOHOMISHAPN00473600002600Fireplace TypeHas Fireplace
Schools near 2118 160th Place Southwest
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 |
|---|---|---|
Lynnwood Elementary PublicK to 6 | ||
Alderwood Middle School Public7 to 8 | ||
Lynnwood 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 COMPASS
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.
