5332 188th st SW Lynnwood, WA $ 1,480,000
5332 188th st SW
$ 1,480,000
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5332 188th st SW

Lynnwood, WA, 98037
$ 1,480,000
Baths0.0 Sq 3,968

Monthly Estimate*

$ 9,837

Listed by Windermere R E Mount Baker
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Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,480,000. This 3,968 square foot home was built in 1968 on a lot size of 0.3.

Renovated townhome style fourplex close to the future light rail station and upcoming Lynnwood City Center. Each unit has 2 bedrooms and 1.5 baths; all units equipped with washers and dryers, private balconies, individual backyards, and two off-street parking spots. Units completely renovated in 2017; quartz countertops, new soft-close wood cabinets, new fixers, and double sinks in the full bath were introduced. Brand new vinyl plank flooring installed in two units this year. Minimal updates could increase rents significantly. rents for similar units in the area range between $2,200 to $2,400. Easy to rent units. An ideal investment for those looking to capitalize on a growing area. Interior Inspections upon mutual acceptance

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Multi-Family Pending

Price

$ 1,480,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,779

Style

4-Plex

Lot Size

0.3

Year Built

1968

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2232479

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Tenant's Rights
Roof Flat
Exterior Features Wood Products
HOA 0
Security Features FullyFenced
Year Built 1968
View Territorial
Property SubType Multi-Family
Tax Year 2024
County Snohomish
Net Operating Income 79848
Insurance Expense 3514
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Alderwood Manor
Special Listing Conditions None
Status Pending
Directions Follow I-5 North to 44th Ave W in Lynnwood take exit 181A from I-5 North continue on 44th Ave W and drive to 188th ST SW.
City Lynnwood
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Edmonds
Open Parking Spaces 8
NumberOfUnitsTotal 4
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 13068
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 188th st
Listing Terms Conventional FHA
Tax Annual Amount 7779.25
Electric Expense 370
Fuel Expense 0
Property Condition Average
Public Remarks Renovated townhome style fourplex close to the future light rail station and upcoming Lynnwood City Center. Each unit has 2 bedrooms and 1.5 baths; all units equipped with washers and dryers private
Leasable Area 3968
Structure Type Quadruplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 9756.54
Property Style 54 - 4-Plex
Cap Rate 5.5
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Sidewalk
Water Source Public
Total Parking 8
Foundation Details Slab
Building Area Total 3968
Lot Size Acres 0.3
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially High Speed Internet
Parking Uncovered Spaces 8
Lot Number 3
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Internal Only
OriginalMLSID NWM2232479
Street Number 1 5332
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* Excluded Features
List By
Marcus Williams

Listing Agent

Windermere R E Mount Baker

Broker

Affordability Calculator

$10,485
Per Month
94%
6%
0%
Monthly Principal & Interest
$9,837
Monthly Property Taxes
$648
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256968 Elementary School
257957 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/4/2024$1,480,000 Listed Price

Map


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5332 188th st SW, Lynnwood, WA, 98037 is a Multi-Family Home for sale at $1,480,000 with 3,968 sqft and a lot size of 0.3. 5332 188th st SW is a studio with 0.0 baths and was built in 1968. The property's zip code is 98037 which is in Lynnwood, WA