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Listed by:COMPASS • Erich Bubbel
Listed by:COMPASS • Erich Bubbel
$ 1,150,000
Est. payment /mo
New
10325 NE 187th ST Bothell, WA 98011
8 Beds
4 Baths
10,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bothell
MLS Listing ID 2602581
Style 54 - 4-Plex
Bedrooms 8
Year Built 1958
Annual Tax Amount $12,269
Lot Size 10,791 Sqft
Property Sub-Type Multi Family
Property Description
Bothell 4-unit multifamily value-add opportunity. The property features four spacious 2BD/1BA units, each approximately 1,015 SF with in-unit W/D, wood burning fireplaces and dedicated storage. Upper units feature a large shared deck. Additional highlights include a recently replaced TPO roof, large storage shed, and 10,791 SF lot, 4 carport parking spaces with enough space to fit 8 cars on the lot. Unit 3 is currently vacant, and Unit 4 is owner-occupied, offering immediate flexibility for investors or owner-users. Significant rental upside with renovated market rents projected at $2,250/unit. Current NOI of $63,296 reflects a 5.50% cap rate, with pro forma NOI of $89,288 and a 7.76% cap rate. Excellent opportunity to increase cash flow in Bothell's desirable rental market.
Location
State WA
County King
Area 610 - Southeast Snohomish
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature See Remarks, Stone, Wood Products
Amenities Available Fenced-Partially
View Y/N Yes
View See Remarks
Roof Type Flat
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Northshore
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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