Admiralty Way

14205 Admiralty Way Lynnwood WA 98087

Listing #: 588043 | Status: Available | Last Modified: 8/15/2017 |

For Sale

14205 Admiralty Way Lynnwood WA 98087

Agent Information
Showing Instructions
Call Listing AgentNo
Use DiscretionNo

Travis Kannier

(206) 505-9428
travisk@westlakeassociates.com

Westlake Associates, Inc.

(206) 505-9400

Listing Information
Price
Listing Price$ 900,000
$/SF$ 213.88
$/Unit$ 225,000.00
Listing StatusAvailable
Days On Market27
Asset ClassMulti-Family
Investment Information
Investment PropYes
Gross Income$ 64,860
Vacancy Factor %4.00%
Operating Expenses$ 12,506
Net Operating Income$ 49,759
CAP Rate5.5 %
GRM13.88
Annual Expense Information
Expense Year2017
Real Estate Taxes$ 5,490
+Insurance$ 1,200
+Electricity$ 528
+Water/Sewer$ 4,288
+Other Expenses$ 1,000
=Total Exp.$ 12,506
Annual Operating Information
Gross Sch Rents$ 64,860.00
Vacancy %4.00%
=Effective Gross$ 64,860
-Total Expenses$ 12,506
=NOI$ 52,354
Financial Summary
CAP Rate5.5 %
GRM$ 13.88
$/Unit$ 225,000.00
Expense/Unit$ 3,126.50
Approx $/SF$ 213.88
Asset Class Information
# Units Beds/Baths Avg SqFT
4 3Bed/2Bath 1052
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units4
Total Building Sq/ft4,208
Net Rentable Area4,208
Lot Sq/ft8,276
Acres0.19
Property Type
Property TypeMulti-Family
Location
CountySnohomish
Market AreaLynnwood
Tax ID #373300601108
Construction
Year Built1991

Public Comments: Great investment opportunity!! 5.53 cap. Easy to manage, this well maintained 4-unit apartment complex consists of 4 three bedroom | two bath units approximately 1,052 square feet. Each unit has it's own entrance, plenty of parking, and located on a quiet street. The building is easy to manage and always full. Building was recently painted.

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