Lake Forest Park, WA 98155,19415 28th Ave NE
Lake Forest Park, WA 98155,19415 28th Ave NE
Lake Forest Park, WA 98155,19415 28th Ave NE
10
Listed by Keller Williams Realty Bothell
Bought with AgencyOne
$1,200,000
$1,400,000
14.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3,640 SqFt

19415 28th Ave NE Lake Forest Park, WA 98155

Est. payment /mo
SOLD DATE : 06/10/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,640 sqft

Price per Sqft $329

Subdivision Ballinger

MLS Listing ID 2211292

Sold Date 06/10/24

Style 54 - 4-Plex

Year Built 1979

Annual Tax Amount $9,983

Lot Size 10,138 Sqft

Property Description

Value add opportunity in Lake Forest Park, WA. Nestled on a quiet dead-end street between I5 and lake Washington, The large wooded lot offers tenants ample space to enjoy the outdoors. Built 1979 this 4-plex not only offers secured building access excellent but also ample potential for significant upside in raising rents, landscape improvements and unit upgrades. Featuring four generous 2-bed, 1-bath units, each 910 sq ft, complete with fireplaces. Recent upgrades include a new roof and windows in 2022 with a transferable warranty. Shared coin op laundry on site for additional income. Close to all amenities, The low cap rate is a reflection of the rents being way below market .

Location

State WA

County King

Area 720 - Lake Forest Park

Interior

Interior Features Wall to Wall Carpet

Flooring Carpet

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Building

Lot Description Dead End Street

Sewer Sewer Connected

New Construction No

Schools

School District Shoreline

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Read Less


Northwest MLS (NWMLS)

GET MORE INFORMATION

Bradley Mulliner

Managing Principal Broker- MORE Realty | License ID: 201206857

+1(503) 858-2478

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.