MLS #2456005 / Listing provided by NWMLS & Real Estate 2000 Inc..
$4,199,900
303 Poppy Road
Bothell,
WA
98012
Sq Ft
Per Sq Ft
Year Built
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!
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 27
- Uncovered Parking Spaces: 27
- Open Parking Spaces: 27
Structure
- Roof: Composition
- Exterior Features: Wood
Lot Details
- Acres: 4.55
Schools
- High School District: Northshore
Lot Details
- Acres: 4.55
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 0
Amethyst Green
REALTOR® | RENE | GREEN | LHC
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