8201 244th Street Southwest
8201 244th Street Southwest
Edmonds, WA 98026
$4,350,000
Last Sold Price
31
Beds
28
Baths
18,048 Sq. Ft.
$241 / Sq. Ft.
18,048
Sq. Ft.
$241
per Sq. Ft.
Sold 8/13/21
Virtual Tour
Sold 8/13/21
Virtual Tour
Listing provided courtesy of Westlake Associates, Inc.
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.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.
- Listed by Steve Fischer • Westlake Associates, Inc.
- Listed by Tyler D. Smith • Westlake Associates, Inc.
Property Details for 8201 244th Street Southwest
Community Name
Firdale
School DistrictEdmonds
Number of Assigned Spaces25
Total Covered Parking0
Entry Date12-07-2020
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Sold By Westlake Associates, Inc.
Add your commute
LISTING UPDATED: 08/17/2021 10:57 AM
Property Details for 8201 244th Street Southwest
| Status | Sold |
|---|---|
| MLS # | 1696333 |
| Days on Market | 81 |
| Cumulative Days on Market | 1008 |
| Taxes | $28,580 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1958 |
| Lot Size | 0.45 AC / 19,602 SF |
| County | Snohomish County |
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Sold By Westlake Associates, Inc.
Add your commute
Virtual Tour
Building Information for 8201 244th Street Southwest
Stories3Residences28Year Built1958Building Size-Lot Size0.45 AC / 19,602 SF
Payment Calculator
$26,121 per month
30 year fixed, 7.25% Interest
Principal and Interest
$23,740
Property Taxes
$2,382
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8201 244th Street Southwest
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 730 - Southwest Snohomish
- Directions: East off of Aurora Ave N (Hwy 99) on N 205th Street & 244th St SW.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2020
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 25.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=fHxagbvMHcm&brand=0
- Virtual Tour URL Description: Matterport 3D walkthrough
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Brick, Stucco
- Roof: Flat
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water/Sewer/Garbage: 38351
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 12
Lot Information
- Lot Size Source: Snohomish County
- Parcel Number Free Text: 00491100001605
- Calculated Square Footage: 18048
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 18048.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 25
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 28
- Units Below Grade: false
- Units In Building Total: 28
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 137709
- Gross Adjusted Income: 357561
- Gross Rent Multiplier: 12
- Gross Scheduled Income: $376,380
- Insurance Expense: $5,600
- Net Operating Income: $219,852
- Other Expenses: $65,178
- Total Monthly Income: 31365
- Fuel Expense: $0
Unit 1
- Name Unit 1: 28
- Square Feet Unit 1: 632
- Rent Unit 1: $1,175.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 27
- Square Feet Unit 2: 632
- Rent Unit 2: $1,125.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 26
- Square Feet Unit 3: 632
- Rent Unit 3: $1,125.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 25
- Square Feet Unit 4: 632
- Rent Unit 4: $1,975.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 24
- Square Feet Unit 5: 632
- Rent Unit 5: $.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 23
- Square Feet Unit 6: 632
- Rent Unit 6: $1,050.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 22
- Square Feet Unit 7: 632
- Rent Unit 7: $1,200.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 21
- Square Feet Unit 8: 632
- Rent Unit 8: $1,175.00
- Bedrooms Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 20
- Square Feet Unit 9: 800
- Rent Unit 9: $1,375.00
- Bedrooms Unit 9: 2
- Bathrooms Unit 9: 1
Unit 10
- Name Unit 10: 19
- Square Feet Unit 10: 632
- Rent Unit 10: $1,175.00
- Bedrooms Unit 10: 1
- Bathrooms Unit 10: 1
Unit 11
- Name Unit 11: 18
- Square Feet Unit 11: 632
- Rent Unit 11: $1,200.00
- Bedrooms Unit 11: 1
- Bathrooms Unit 11: 1
Unit 12
- Name Unit 12: 17
- Square Feet Unit 12: 632
- Rent Unit 12: $850.00
- Bedrooms Unit 12: 1
- Bathrooms Unit 12: 1
Unit 13
- Name Unit 13: 16
- Square Feet Unit 13: 632
- Rent Unit 13: $1,200.00
- Bedrooms Unit 13: 1
- Bathrooms Unit 13: 1
Unit 14
- Name Unit 14: 15
- Square Feet Unit 14: 632
- Rent Unit 14: $1,175.00
- Bedrooms Unit 14: 1
- Bathrooms Unit 14: 1
Unit 15
- Name Unit 15: 14
- Square Feet Unit 15: 632
- Rent Unit 15: $950.00
- Bedrooms Unit 15: 1
- Bathrooms Unit 15: 1
Unit 16
- Name Unit 16: 13
- Square Feet Unit 16: 632
- Rent Unit 16: $1,075.00
- Bedrooms Unit 16: 1
- Bathrooms Unit 16: 1
Unit 17
- Name Unit 17: 12
- Square Feet Unit 17: 632
- Rent Unit 17: $1,375.00
- Bedrooms Unit 17: 1
- Bathrooms Unit 17: 1
Unit 18
- Name Unit 18: 11
- Square Feet Unit 18: 800
- Rent Unit 18: $1,375.00
- Bedrooms Unit 18: 2
- Bathrooms Unit 18: 1
Unit 19
- Name Unit 19: 10
- Square Feet Unit 19: 632
- Rent Unit 19: $1,075.00
- Bedrooms Unit 19: 1
- Bathrooms Unit 19: 1
Unit 20
- Name Unit 20: 9
- Square Feet Unit 20: 900
- Rent Unit 20: $1,500.00
- Bedrooms Unit 20: 3
- Bathrooms Unit 20: 1
Unit 21
- Name Unit 21: 8
- Square Feet Unit 21: 632
- Rent Unit 21: $1,125.00
- Bedrooms Unit 21: 1
- Bathrooms Unit 21: 1
Unit 22
- Name Unit 22: 7
- Square Feet Unit 22: 500
- Rent Unit 22: $975.00
- Bedrooms Unit 22: 0
- Bathrooms Unit 22: 1
Unit 23
- Name Unit 23: 6
- Square Feet Unit 23: 632
- Rent Unit 23: $1,100.00
- Bedrooms Unit 23: 1
- Bathrooms Unit 23: 1
Unit 24
- Name Unit 24: 5
- Square Feet Unit 24: 632
- Rent Unit 24: $1,100.00
- Bedrooms Unit 24: 1
- Bathrooms Unit 24: 1
Unit 25
- Name Unit 25: 4
- Square Feet Unit 25: 632
- Rent Unit 25: $1,125.00
- Bedrooms Unit 25: 1
- Bathrooms Unit 25: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 18040.0
- Leasable Area Units: Square Feet
Property History for 8201 244th Street Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8201 244th Street Southwest
Taxable ValueLand$582,400Additions$2,679,600Total$3,262,000
Tax Record2020$28,579 ($2,382 / month)
Home Facts
Total Finished SqFt15,336 SqFtAbove Ground SqFt15,336 SqFtUnfinished Basement Area2,712 SqFtStories2Lot Size19,602 SqFtStyleMulti-Family Res (5+ Units)Year Built1958Year Renovated1975ZoningE2CountySNOHOMISHAPN00491100001605
Schools near 8201 244th Street Southwest
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 - | PK 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 | ||
Madrona Nongraded PublicPK 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Edmonds
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Westlake Associates, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.