Bought with Kidder Mathews
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Key Details
Sold Price $4,595,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,568 sqft
Price per Sqft $397
Subdivision Edmonds
MLS Listing ID 2013634
Sold Date 01/09/23
Style 56 - 10+ Units
Year Built 1960
Annual Tax Amount $26,059
Lot Size 0.570 Acres
Property Description
***Do not disturb tenants in any way. They are unaware of the sale.*** Stevens Court is a turnkey 18 unit apartment property in desirable Edmonds, just a half block from Edmonds Swedish Campus and near a variety of neighborhood amenities. The property is well maintained and boasts desirable features including copper piping, a new roof, ample parking, common laundry, and partial or complete renovations to all but 2 units. With assumable fixed financing at a 4.08% interest rate, and priced just under $260,000 per unit, the cash-on-cash return should be in the 4 to 5% range, and combined with the asset's likely potential for upside, Steven Court is an exceptional acquisition.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Interior Features Forced Air, Ceramic Tile, Wall to Wall Carpet
Flooring Ceramic Tile, Vinyl Plank, Carpet
Fireplace No
Exterior
Exterior Feature Brick, Cement Planked, Wood Products
Amenities Available Fenced-Partially, Patio
Waterfront No
View Y/N No
Roof Type Torch Down
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Chase Lake Elem
Middle Schools College Pl Mid
High Schools Edmonds Cyber Sch
School District Edmonds
Others
Senior Community No
Acceptable Financing Assumable, Cash Out, Conventional, See Remarks
Listing Terms Assumable, Cash Out, Conventional, See Remarks
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John Dirgo Deweese
Designated Broker | License ID: 25033
Designated Broker License ID: 25033