Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!
Active
Listed by:
David M. Hilbert,
Real Estate 2000 Inc.
$4,199,900
303 Poppy Road, Bothell, WA 98012
--beds
--baths
12,750sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$329/sqft
$-- HOA
What's special
Coin-op laundry
- 16 hours |
- 48 |
- 2 |
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