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Mountlake Terrace,WA 98043
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,087 sqft
Price per Sqft $271
Subdivision Mountlake Terrace
MLS Listing ID 2403680
Style 15 - Multi Level
Bedrooms 4
Full Baths 2
Year Built 1937
Annual Tax Amount $6,031
Lot Size 0.310 Acres
Property Sub-Type Single Family Residence
Property Description
Many options with owner-occupied investment. 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 Vinyl Plank,Carpet
Exterior
Exterior Feature Wood
Garage Spaces 1.0
View Y/N No
Roof Type Composition,Flat
Building
Lot Description Curbs,Paved,Sidewalk
Story Multi/Split
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Edmonds
Others
Acceptable Financing Cash Out,Conventional,FHA,VA Loan
Listing Terms Cash Out,Conventional,FHA,VA Loan