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  • Listed by: 

    Nicole Gaba,

    Coldwell Banker Bain

    Bought with: Lake & Company
    $997,500

    2504 204th Street SW, Lynnwood, WA 98036

    --beds
    --baths
    2,912sqft
    Quadruplex
    Built in 1969
    -- sqft lot
    $997,500 Zestimate®
    $343/sqft
    $2,836 Estimated rent

    Home value

    $997,500

    $938,000 - $1.07M

    $2,836/mo

    Zestimate® history
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    $5,798/mo

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    What's special

    Fantastic 4plex in prime Lynnwood location! Easy access to future Lynnwood Light Rail and Transit Center (2024), Alderwood Mall, I-5 and Highway 99 - high demand rental area with excellent equity potential from Light Rail development. Spacious layouts, professionally managed, coin-operated laundry income, and no vacancies. Perfect value-add play with below market rents- just needs a few more cosmetic updates to achieve pro-forma cap rate of 6.2%. Don't miss this rare opportunity to future-proof your portfolio with this Lynnwood investment!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 8 hours ago

    Listing updated: September 05, 2024 at 05:45am

    Offers reviewed: Aug 22
    Listed by:

    Nicole Gaba,

    Coldwell Banker Bain

    Bought with:

    Robert A. Macdonald, 111406

    Lake & Company

    Source: NWMLS,MLS#: 1983135MLS Logo

    Facts & features

    Interior

    Heating
    • Has Heating (Unspecified Type)
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,912
    • Total interior livable area: 2,912 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Open
    • Uncovered spaces: 6
    Lot
    • Size: 0.30 Acres
    Details
    • Parcel number: 00373100600118
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • See Remarks
    • Roof: Composition
    Condition
    • Year built: 1969
    • Major remodel year: 1969

    Utilities & green energy

    • Sewer: Sewer Connected
    • Water: Public
    • Utilities for property: Sewer Connected, Electric

    Community & neighborhood

    Location
    • Region: Lynnwood
    • Subdivision: Alderwood

    Other

    Other facts
    • Listing terms: Conventional
    • Cumulative days on market: 981 days

    Price history

    DateEventPrice
    9/19/2022Sold$930,000+3.3%$319/sqft
    Source: NWMLS #1983135
    8/23/2022Pending sale$900,000$309/sqft
    Source: NWMLS #1983135
    8/20/2022Listed for sale$900,000$309/sqft
    Source: NWMLS #1983135
    8/14/2022Pending sale$900,000$309/sqft
    Source: NWMLS #1983135
    8/13/2022Listed for sale$900,000+5900%$309/sqft
    Source: NWMLS #1983135

    Public tax history

    YearProperty taxesTax assessment
    2024$8,297 +3.8%$958,600 +4.3%
    2023$7,991 +9.9%$919,000 +6%
    2022$7,269 +3.2%$867,100 +26.6%

    Find assessor info on the county website

    Neighborhood: Alderwood Manor

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

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    $997,500
    2% more+ $19,950
    With Zillow Showcase(estimated)
    $1,017,450