$1,400,000
28th Ave NE, Lake Forest Park, 98155
19415 28th Ave NE , Lake Forest Park, WA 98155
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 .
Listing Courtesy of
Keller Williams Realty Bothell
Source Northwest MLS
Media
- Photos
PROPERTY DETAILS
- Mls Id2211292
- StatusPending
- AreaBallinger
- FlooringCarpet
- CarportNo
- CityLake Forest Park
- CountyKing
- Exterior FeaturesWood
- FireplaceNo
- High School DistrictShoreline
- Interior FeaturesWall to Wall Carpet
- Living Area0 Square Feet
- Lot FeaturesDead End Street
- Lot Acres0.2327
- Lot Square Feet10138
- New ConstructionNo
- Zip Code98155
- Property TypeMulti-Family
- RoofComposition
- SewerSewer Connected
- WaterfrontNo
- Year Built1979
- Checked For Updates2024-05-13 14:01:40 PDT
Based on information submitted to the MLS GRID as of 2024-05-13 14:01:40 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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