18806 107th Ave NE, Arlington, WA 98223

$850,000
7,058
SqFt

Listing courtesy of Windermere R.E. Arlington.

List Price
$850,000
Status
ACTIVE
MLS#
1438484
Days on Market
60
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
7,058
Lot Size (sq ft)
219,978

Property Description

Once in a life time opportunity! This 5 unit property is nestled on 5 acres w/ponds, open spaces & mountain views. Keep the current tenants, turn into assisted living or have a generational compound-the possibilities are endless. Enormous wrap around deck lends itself to BBQ's & porch swings. Three ground level apartments were built in 2011. Upstairs find a 5 bdrm, 3 bath unit.There is also a 2 bdrm 1 bath single story home. Each with w/d hookups. All overlooking Yorkshire Pond.This one pencils!

Additional Information

List Date
2019-04-19 00:00:00
Community
Burn Road
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1964
Total Parking
12
Uncovered Parking
12
Waterfront
Yes
View
Mountain, Territorial
Exterior
Wood Products
Roof
Composition
Site Features
Cable TV, Deck, RV Parking
Lot Details
Dead End Street, Secluded
School District
Arlington
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Arlington High
Total Monthly Income
$6,670
Gross Scheduled Income
$80,040
Gross Adjusted Income
$62,838
Annual Taxes
$8,202
Tax Year
2019
Insurance Expense
$5,000
Net Operating Income
$62,838
Gross Rent Multiplier
10
Cap Rate
7

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1542
Unit 1 Rent
$1,320
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1271
Unit 2 Rent
$950
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
1000
Unit 3 Rent
$1,200
Unit 4 Beds
5
Unit 4 Baths
3.00
Unit 4 Size
2320
Unit 4 Rent
$2,000
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
924
Unit 5 Rent
$1,200
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