Sold
Last Sold Price
6,432 sqft
23523 Edmonds Way, Edmonds, WA 98026
Multi FamilyProperty Type
0.24 acresLot Size
1986Year Built
$233/sq ftPrice per sq ft
10 carsParking Spaces

Description

Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.
  • Listed by: Karen Wagner 206.971.8800 Karen@KarensNWproperties.com • Coldwell Banker Danforth
Listing closed: 01/19/2021 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1634831

Location

Listing Courtesy of Coldwell Banker Danforth

Sold By Westlake Associates, Inc.

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Property Taxes

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Property Information for 23523 Edmonds Way

Property Details
  • Taxes: $11,456 / year
  • MLS Type: Residential Income
  • Community Name: Esperance
  • School District: Edmonds
  • Number of Assigned Spaces: 10
  • Total Covered Parking: 0
  • Entry Date: 07-22-2020
  • Sewer: Sewer Connected
Building Information
  • Stories: 3
  • Residences: 6
  • Year Built: 1986
  • Lot Size: 0.24 AC / 10,454 SF
Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Dock, Fenced-Partially, High Speed Internet
  • Area: _730SouthwestSnohom
  • Block: 4
  • Directions: I-5 to Edmonds exit, follow SR 104 west, property will be on your right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2019
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Tile
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6985
  • Power Company: Snohomish PUD
  • Sewer Company: Olympic View
  • Water Company: Olympic View
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete, Slab
  • Zoning Class: Commercial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 7
Lot Information
  • Lot Details: Dead End Street, Secluded, Value In Land
  • Lot Number: 2
  • Lot Size Source: County
  • Parcel Number Free Text: 00555300400107
  • Building Condition: Very Good
  • Calculated Square Footage: 6432
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6432.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 6
  • Units Below Grade: true
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $270
  • Total Expenses: 42000
  • Gross Adjusted Income: 57390
  • Gross Rent Multiplier: 25
  • Gross Scheduled Income: $77,520
  • Insurance Expense: $3,560
  • Net Operating Income: $46,000
  • Other Expenses: $20,000
  • Total Monthly Income: 6460
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6432.0
  • Leasable Area Units: Square Feet

Property History for 23523 Edmonds Way

DateEvent & SourcePriceAppreciation
Jan 19, 2021

Sold

NWMLS #1634831

$1,500,000—
Jan 13, 2021

Sold (Public Record)

Public Record #688242041

$1,500,000—
Nov 6, 2020

Pending

NWMLS #1634831

—
DateEvent & SourcePrice
01/19/2021

Sold

NWMLS #1634831

$1,500,000
01/13/2021

Sold (Public Record)

Public Record #688242041

$1,500,000
11/06/2020

Pending

NWMLS #1634831

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 23523 Edmonds Way

Taxable ValueLand$623,300Additions$1,149,700Total$1,773,000
Tax Record2026$14,984 ($1,249 / month)
Home Facts
Baths6Total Finished SqFt4,304 SqFtAbove Ground SqFt4,304 SqFtStories2Lot Size10,454 SqFtStyleMulti-Family Dwelling (2-4)Year Built1986Year Renovated1986ZoningMRCountySNOHOMISHAPN005553-004-001-07

Schools near 23523 Edmonds Way

This home is within Edmonds School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Sherwood Elementary School
PublicK to 6

College Place Middle School
Public7 to 8

Edmonds Woodway High School
Public9 to 12

Edmonds K8 Online Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Danforth

Based on information submitted to the MLS GRID as of 09/05/2024 05:40 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.