$1,350,000 Price Analysis    ♡   Lake Forest Park, WA 98155 Unknown bed 0 bath 1,640 SqFt ($823/SqFt) 0.34 acre lot. Built 1951 Listed 2024-04-29, Taxes $8,214 | Ⓧ USDA Ineligible due to price & location near Lake Forest Park |
ATTN: Investors Selling AS-IS existing AirBNB rooming house income property.
5.6 Cap Multi-Family zoned. Room to improve existing below market rents with renovation; always full last 2 years whil e self managing. 8-10 Unit Development with view of Lake Washngton possible with city of LFP reapplication.
Hold / Build. Seller Financing and JV can be arranged with down-payment. All Arch, Engineering + reports available and existing Rental PNL.
Presented by Michael Pearce at
Pellego, Inc.
Property MLS #2229893 from NWMLS
Concrete
Wall to Wall Carpet
Flooring: Concrete, Vinyl, Wall to Wall Carpet
Wall to Wall Carpet
Flooring: Concrete, Vinyl, Wall to Wall Carpet
Heating Features: Wall
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Cement/Concrete
Carport Spaces: 3
Open Parking Spaces: 3
Open Parking: Yes
Parking Total: 6
Open Parking Spaces: 3
Open Parking: Yes
Parking Total: 6
Lot Size Acres: 0.3444
Lot Size Dimensions: 140x120
Lot Size Square Feet: 15000
Lot Size Dimensions: 140x120
Lot Size Square Feet: 15000
Elementary School: Briarcrest Elem
High School: Shorecrest High
High School District: Shoreline
Middle School: Kellogg Mid
High School: Shorecrest High
High School District: Shoreline
Middle School: Kellogg Mid
Briarcrest Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions
Map directionsShorecrest High School is a public high school located approximately 0.6 miles away.
Map directions
Map directionsKellogg Middle School is a public middle school located approximately 0.7 miles away.
Map directions
Map directionsShoreline Christian School is a private elementary, middle and high school located approximately 0.6 miles away.
Map directions
Map directionsGross Scheduled Income: 99516
Leasable Area: 1640
Leasable Area Units: Square Feet
Leasable Area: 1640
Leasable Area Units: Square Feet
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-1: 8
Total Bathrooms in Unit-1: 2
Unit-1 Description: 8 Rooming H
Unit-1 Square Feet: 1640
Unit 1 Total Actual Rent: 8293
Total Bathrooms in Unit-1: 2
Unit-1 Description: 8 Rooming H
Unit-1 Square Feet: 1640
Unit 1 Total Actual Rent: 8293
Annual Tax Amount: 8214
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 5.55
Directions: From Lake City Way / Bothell Way NE, turn at 35th Ave NE (Acacia Cementary), head north directly to property at NE 153rd St Corner
Tax Year: 2023
Other Expense: 7361
Source Property Type: Multi-Family
Possible Use: Multi-Family, Residential
Insurance Expense: 1273
Area: 720 - Lake Forest Park
List Development Name: Sheridan Beach
Source Neighborhood: Sheridan Beach
Parcel Number: 6744700100
Street Suffix Modifier: Street
Subdivision: Sheridan Beach
Zoning: MultiFamily, Residential
Lot Number: 5
Source System Name: C2C
Buyer Agent Commission: 3
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 5.55
Directions: From Lake City Way / Bothell Way NE, turn at 35th Ave NE (Acacia Cementary), head north directly to property at NE 153rd St Corner
Tax Year: 2023
Other Expense: 7361
Source Property Type: Multi-Family
Possible Use: Multi-Family, Residential
Insurance Expense: 1273
Area: 720 - Lake Forest Park
List Development Name: Sheridan Beach
Source Neighborhood: Sheridan Beach
Parcel Number: 6744700100
Street Suffix Modifier: Street
Subdivision: Sheridan Beach
Zoning: MultiFamily, Residential
Lot Number: 5
Source System Name: C2C
Buyer Agent Commission: 3
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $237,000 + $630,000 $867,000 | $8,214 |
| 2022 | $9,000 + $585,000 $594,000 | $6,702 |
| 2021 | $9,000 + $493,000 $502,000 | $6,275 |
| 2020 | $10,000 + $493,000 $503,000 | $6,181 |
| 2019 | $12,000 + $454,000 $466,000 | $5,559 |
| 2018 | $26,000 + $417,000 $443,000 | $5,390 |
| 2017 | $24,000 + $374,000 $398,000 | $4,703 |
| 2016 | $1,000 + $872,000 $873,000 | $10,252 |
| 2015 | $1,000 + $813,000 $814,000 | $10,112 |
| 2014 | $1,000 + $675,000 $676,000 | $9,521 |
| 2013 | $1,000 + $675,000 $676,000 | $9,830 |
| 2012 | $116,000 + $192,000 $308,000 | $9,502 |
| 2011 | $119,000 + $192,000 $311,000 | $4,319 |
| 2009 | $143,000 + $227,000 $370,000 | $4,320 |
| 2007 | $122,000 + $203,000 $325,000 | $3,635 |
Listed 2024-04-29
$1,350,000
NWMLS
Listing removed 2024-01-26
$0
NWMLS
Price Changed 2023-11-27
$1,499,000
NWMLS
Listed 2023-11-01
$1,600,000
NWMLS
Listing removed 2021-05-30
$0
TenantTurner
Listed for rent 2021-05-10
$695
TenantTurner
Listing removed 2020-09-16
$0
TenantTurner
Listed for rent 2020-09-06
$795
TenantTurner
Listing removed 2020-08-29
$0
TenantTurner
Listed for rent 2020-08-23
$795
TenantTurner
Listing removed 2019-11-26
$0
AppfolioUnits
Listed for rent 2019-10-27
$800
AppfolioUnits
Listing removed 2019-06-12
$0
AppfolioUnits
Listed for rent 2019-05-13
$800
AppfolioUnits
Listing removed 2019-05-05
$0
AppfolioUnits
Listing removed 2019-05-05
$0
AppfolioUnits
Listed for rent 2019-04-06
$800
AppfolioUnits
Listed for rent 2019-04-05
$800
AppfolioUnits
Listing removed 2019-03-15
$0
AppfolioUnits
Listing removed 2019-03-12
$825
AppfolioUnits
Listed for rent 2019-02-09
$825
AppfolioUnits
Sold 2018-09-28
$820,000
Public Record
Sold 2015-03-31
$340,000
Public Record
$1,350,000
NWMLS
Listing removed 2024-01-26
$0
NWMLS
Price Changed 2023-11-27
$1,499,000
NWMLS
Listed 2023-11-01
$1,600,000
NWMLS
Listing removed 2021-05-30
$0
TenantTurner
Listed for rent 2021-05-10
$695
TenantTurner
Listing removed 2020-09-16
$0
TenantTurner
Listed for rent 2020-09-06
$795
TenantTurner
Listing removed 2020-08-29
$0
TenantTurner
Listed for rent 2020-08-23
$795
TenantTurner
Listing removed 2019-11-26
$0
AppfolioUnits
Listed for rent 2019-10-27
$800
AppfolioUnits
Listing removed 2019-06-12
$0
AppfolioUnits
Listed for rent 2019-05-13
$800
AppfolioUnits
Listing removed 2019-05-05
$0
AppfolioUnits
Listing removed 2019-05-05
$0
AppfolioUnits
Listed for rent 2019-04-06
$800
AppfolioUnits
Listed for rent 2019-04-05
$800
AppfolioUnits
Listing removed 2019-03-15
$0
AppfolioUnits
Listing removed 2019-03-12
$825
AppfolioUnits
Listed for rent 2019-02-09
$825
AppfolioUnits
Sold 2018-09-28
$820,000
Public Record
Sold 2015-03-31
$340,000
Public Record
Net Operating Income: 74875
Operating Expense: 24641
Operating Expense: 24641
Electric Expense: 4808
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Community
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Community
Building Area Total: 1640
Building Area Units: Square Feet
Building Name: Pettits Lake Washington Acre Trs
Foundation Details: Concrete Block, Concrete Ribbon
Living Area Units: Square Feet
Property Age: 73
Roof: Built-Up
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Year Built Effective: 1951
Building Area Units: Square Feet
Building Name: Pettits Lake Washington Acre Trs
Foundation Details: Concrete Block, Concrete Ribbon
Living Area Units: Square Feet
Property Age: 73
Roof: Built-Up
Building Total Stories: 2
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Year Built Effective: 1951
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.