22819 15th Avenue Southeast
Bothell, WA 98021
$1,650,000
Price
8
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Urban Commercial Partners, LLC
Description
Rare Opportunity to acquire a stabilized 4-Plex in the high demand submarket of Bothell. Each unit is 2 bed/1 bath and approximately 875 square feet with efficient floor plans and private decks/patios to maximize comfortable living space. This property is steps from several prominent local and national retailers, restaurants, services and entertainment. Tenants enjoy excellent connectivity to I-405 and I-5 with easy access to Kirkland, Bellevue, Lynnwood and Seattle. Asset has been well-maintained...Rare Opportunity to acquire a stabilized 4-Plex in the high demand submarket of Bothell. Each unit is 2 bed/1 bath and approximately 875 square feet with efficient floor plans and private decks/patios to maximize comfortable living space. This property is steps from several prominent local and national retailers, restaurants, services and entertainment. Tenants enjoy excellent connectivity to I-405 and I-5 with easy access to Kirkland, Bellevue, Lynnwood and Seattle. Asset has been well-maintained by long term ownership and offers potential for rental upside with cosmetic upgrades. Excellent opportunity for investors and owner/occupant. Property is in Bothell’s Canyon Park submarket and within Northshore School District.
- Listed by Pat Suarez • Urban Commercial Partners, LLC
Property Details for 22819 15th Avenue Southeast
Community Name
Canyon Park
School DistrictNorthshore
Number of Assigned Spaces8
Total Covered Parking0
Entry Date09-10-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 09/10/2024 12:56 PM
Property Details for 22819 15th Avenue Southeast
| Status | Active |
|---|---|
| MLS # | 2288951 |
| Days on Market | 9 |
| Cumulative Days on Market | 9 |
| Taxes | $10,814 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1977 |
| Lot Size | 0.29 AC / 12,632 SF |
| County | Snohomish County |
Building Information for 22819 15th Avenue Southeast
Stories2Residences4Year Built1977Building Size-Lot Size0.29 AC / 12,632 SF
Property Information for 22819 15th Avenue Southeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 610 - Southeast Snohomish
- Directions: From I-405 take Exit 26 towards 228th St. SE. Property on corner of 228th St. SE and 15th Ave. SE.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- 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: Laminate, Carpet
- Features: Laminate Hardwood, Wall to Wall Carpet
- Amenities: Coin Op Laundry,Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Flat
Property
Utilities
- Water/Sewer/Garbage: 5600
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 10
Lot Information
- Lot Size Source: SCR
- Parcel Number Free Text: 00414500000201
- Building Condition: Good
- Calculated Square Footage: 0
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- 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: 23614
- Gross Adjusted Income: 84861
- Gross Rent Multiplier: 18.9
- Gross Scheduled Income: $87,300
- Insurance Expense: $2,000
- Net Operating Income: $61,067
- Other Expenses: $5,200
- Total Monthly Income: 7275
- 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: 875
- Rent Unit 1: $1,850.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
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: 875
- Rent Unit 2: $2,045.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
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: 875
- Rent Unit 3: $1,350.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
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: 875
- Rent Unit 4: $1,750.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3500.0
- Leasable Area Units: Square Feet
Property History for 22819 15th Avenue Southeast
| 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 22819 15th Avenue Southeast
Taxable ValueLand$493,500Additions$786,500Total$1,280,000
Tax Record2023$9,855 ($821 / month)
Home Facts
Baths4Total Finished SqFt3,724 SqFtAbove Ground SqFt3,724 SqFtStories1Lot Size12,632 SqFtStyleQuadraplexYear Built1977ZoningBCCountySNOHOMISHAPN00414500000201
Schools near 22819 15th Avenue Southeast
This home is within Northshore School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Shelton View Elementary School PublicPK to 5 | ||
Canyon Park Jr High School Public6 to 8 | ||
Bothell High School Public9 to 12 | ||
Innovation Lab High School 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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Homes for Sale near Canyon Park
Neighborhoods
- Alderwood Manor
- Allview Heights
- Bothell East
- Bothell West
- Canyon Creek-39th SE
- Canyon Park
- Clearview
- Country Village-Lake Pleasant
- Damson-Logan
- Fitzgerald-35th SE
- Hollyhills-Pioneer Hills-Morningside
- Kenmore Terrace
- North Creek District
- Queensborough-Brentwood-Crystal Springs
- Shelton View-Meridian-3rd SE
- Thrasher's Corner-Red Hawk
- Westhill
- Linwood Heights
- Maywood-Beckstrom Hill
- North Creek
Cities
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 Urban Commercial Partners, 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.
