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Mountlake Terrace,WA 98043
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,087 sqft
Price per Sqft $271
Subdivision Mountlake Terrace
MLS Listing ID 2403685
Style 52 - Duplex
Bedrooms 4
Year Built 1980
Annual Tax Amount $6,031
Lot Size 0.310 Acres
Property Sub-Type Multi Family
Property Description
Many options with this investment opportunity. Legal duplex on multifamily zoned lot that offers untapped potential for future expansion by adding multiple additional units. The upper unit is 1,008 square feet and has been tastefully updated, while the lower unit boasts two stories of living space at 2,079 square feet, along with a newly renovated 320sqft garage. With a combined rental income of $4,180, you can choose to occupy one unit and lease the other. Pre-approved for future development of three townhomes or the option for two single-family residences or tiny homes. Each option assume duplex stays. 5+ townhouses would be possible if the duplex was removed. See the brand new 18-unit townhouse development next door for inspiration.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Flooring Ceramic Tile,Vinyl Plank,Carpet
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition,Flat
Building
Lot Description Curbs,Open Space,Paved,Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Edmonds
Others
Acceptable Financing Cash Out,Conventional,FHA,VA Loan
Listing Terms Cash Out,Conventional,FHA,VA Loan