16925 Larch Wy, Lynnwood, WA 98037 | MLS 1352102 | Listing Information | Real Living Northwest | Real Living Real Estate
Real Living Northwest
(425) 402-9020

16925 Larch Wy,  Lynnwood WA, 98037

5 beds , 4 Full/1 Three-Qtr baths
4,810 sqft
Status: Active
MLS#: 1352102
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Real Living Northwest
(425) 402-9020

Listing Provided Courtesy Of: Four Union
Last Updated: 11/21/2018 12:47 AM
Description for 16925 Larch Wy Lynnwood, WA 98037
This duplex has options! Occupy the 2,405 of ADA accessible sqft upstairs as your personal residence, house your toys in the 2008 sqft of heated garage space, and leverage the 2,405 of lower unit sqft as your business home base. Or, continue to rent as a duplex to produce $55k of net operating income; a 5.7% cap rate. Subdivide the 31,799 sqft lot, entitle and sell - or develop yourself. If lots were sold for $200k to $250k the existing property could be held for a cap rate between 8% to 12%.
Price
$949,999
Alderwood Manor
Snohomish
5
4 Full/1 Three-Qtr
4,810 (approx)
1352102
Active
Description
This duplex has options! Occupy the 2,405 of ADA accessible sqft upstairs as your personal residence, house your toys in the 2008 sqft of heated garage space, and leverage the 2,405 of lower unit sqft as your business home base. Or, continue to rent as a duplex to produce $55k of net operating income; a 5.7% cap rate. Subdivide the 31,799 sqft lot, entitle and sell - or develop yourself. If lots were sold for $200k to $250k the existing property could be held for a cap rate between 8% to 12%.
Listing Information
Property Type: Single Family, Contemporary, 2 Story
5 4 Full/1 Three-Qtr
0.73 Acres 4,810 (approx) 1998
Yes- 6 spaces 2 Wood
Alderwood Manor
Gas Water Heater, Public Water Service
Sewer Connected
Electric, Natural Gas
Neighborhood
School Information
District: Edmonds
MARTHA LAKE ELEMML ALDERWOOD MID LYNNWOOD HIGH
Room Information
Lower Floor
Bathrooms
4 1
Interior Features
Dishwasher, Microwave, Range-Oven, Refrigerator
Hardwood, Carpet Wall to Wall, Vinyl
Wall Unit, Forced Air
Full Finished
2
Walk-in Closets
Exterior / Lot Features
6 Garage Spaces
Wood
Deck, Patio
Composition
Mountain
Out Building, Secluded, Close to Bus Line
Community Features
Bus Line
Driving Directions
Alderwood Manor 10
Financial Considerations
00373700501103
$8,603
Cash Out,Conventional,FHA,Owner Finance,VA
Listing Price History

Lynnwood Real Estate

Lynnwood is located in Washington. Lynnwood, Washington 98037 has a population of 36,997.

The median household income in Lynnwood, Washington 98037 is $50,562. The median household income for the surrounding county is $69,443 compared to the national median of $53,482. The median age of people living in Lynnwood 98037 is 37.8 years.

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Courtesy: Four Union
Properties listed by Brokers other than this Broker are marked with the MLS IDX logo. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2018 Northwest MLS. All rights reserved.

The listings contain enhanced listing information including mapping, demographics, and economics from the following sources: Microsoft Bing™ Maps, LPS Neighborhood and School Reports™, Walk Score™ and Digital Map Product's ParcelStream™.

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This content last refreshed on 11/21/2018 12:47 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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