Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Address
8201 244th Street SW Edmonds, WA
Price
$ 4,350,000
Property Attributes
  • ID#1696333
  • TypePending
  • CountySNOHOMISH
  • CityEdmonds
  • AreaSouthwest Snohom
  • NeighborhoodFirdale
  • Zip98020
  • Style10+ Units
  • Year Built1958
  • Taxes$ 28580
  • Price$ 4,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18048
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
Westlake Associates, Inc. and NWMLS
Data Source:
NWMLS
Property Description

The Village Apartments is a 28 unit apartment located in Edmonds. This is a rare opportunity with significant upside. Market cap rate of 6.75%. Double pane windows, and a newer roof. Most unit have been turned in the past 5 years and the building has a heavy concentration of 1 bedrooms.

Price History
12/8/2020 Listed $4,500,000
2/10/2021 4% - $4,350,000

General Features

Buildingareaunits Square Feet
Carport Y/N No
City Edmonds
Co-Listing Agent Tyler D. Smith
County Snohomish
Directions East off of Aurora Ave N (Hwy 99) on N 205th Street & 244th St SW.
Exterior Features Brick, Stucco
High School District Edmonds
Insuranceexpense 5600
Leasable Area 18040
Listing Agent Name Steve Fischer
MLS Area 730 - Southwest Snohom
Netoperatingincome 219852
New Construction No
Nwm Watersewergarbage 38351
Nwm Zoningclass Multi-Family
Open Parking Spaces 25
Possession Closing
Possible Use Multi-Family
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending Inspection
Street Name 244th
Structure Type Multi Family
Subdivision Name Firdale
Tax Annual Amount 28580
Tax Year 2020
Terms Cash Out, Conventional
Total Units 28
Units Below Grade false
Units In Building Total 28
Utilities Sewer Connected, Electricity Available
Virtual Tour https://my.matterport.com/show/?m=fHxagbvMHcm&brand=0
Year Built 1958

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Livingareaunits Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 3

Exterior Features

Building Area Total 18048
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Size Acres 0.45
Lot Size Square Feet 19602
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 25
Total Parking 25
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98020

Price
AVG $1.05M
$4.35M
Taxes
AVG $6,556
$28,580
Visits
AVG 44
245
Year Built
AVG 1970
1958
Walkscore
AVG 47
68
Data Provided by Walkscore ® not using MLS data

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