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Coldwell Banker Bain
15330 40th Avenue W Unit #A+B, Lynnwood, WA 98087
- $760,000
- 1,368
- SqFt
Listing Broker: Windermere Prof Partners; Courtney Stewart; 425-635-8603; c.stewart@windermere.com
- List Price
- $760,000
- Status
- ACTIVE
- MLS#
- 2602914
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,368
- Area Total SqFt
- 1368
- Annual Tax Ammount
- 7292.85
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Two vacant units, one flexible opportunity in Lynnwood. This established duplex offers options to rent both units or occupy one and lease the other. The upper unit features 3 bedrooms, a den, 1 bath and a wood-burning fireplace; the lower unit offers 2 bedrooms and 1 bath in a finished daylight basement. Each unit includes a kitchen with range/oven, refrigerator and dishwasher, plus its own washer/dryer. Updates include interior paint, hardware, showerhead and light fixtures, along with exterior paint and a new water heater. Vinyl plank and carpet flooring finish the interiors. The 7,405 sq ft lot includes a deck, patio, partial fencing, an outbuilding used for storage, and driveway, off-street and RV parking. Both units are currently vacant, offering a fresh start for your rental plans.
Additional Information
- Community
- Lynnwood
- Net Operating Income
- $32,907
- Gross Adjusted Income
- $32,907
- Gross Scheduled Income
- $49,200
- Total Monthly Income
- $4,100
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 15.4
- Total Expenses
- $16,292
- Cap Rate
- 4.33
- Vacancy Rate
- 100
- Total Number of Units
- 2
- Unit Name
- 15330
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1955
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Outbuildings, Patio, RV Parking
- Electric Expenses
- 3600
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Beverly Elem
- Middle School
- Meadowdale Mid
- High School
- Meadowdale High
- Total Monthly Income
- $4,100
- Gross Scheduled Income
- $49,200
- Vacancy Rate
- 100
- Gross Adjusted Income
- $32,907
- Tax Year
- 2026
- Insurance Expense
- $2,400
- W/S/G Expenses
- $3,000
- Total Expenses
- $16,292
- Net Operating Income
- $32,907
- Gross Rent Multiplier
- 15.4
- Cap Rate
- 4.33
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.