19415 28th Ave NE Lake Forest Park, WA 98155
Value add opportunity in Lake Forest Park, WA. Nestled on a quiet dead-end street between I5 and lake Washington, The large wooded lot offers tenants ample space to enjoy the outdoors. Built 1979 this 4-plex not only offers secured building access excellent but also ample potential for significant upside in raising rents, landscape improvements and unit upgrades. Featuring four generous 2-bed, 1-bath units, each 910 sq ft, complete with fireplaces. Recent upgrades include a new roof and windows in 2022 with a transferable warranty. Shared coin op laundry on site for additional income. Close to all amenities, The low cap rate is a reflection of the rents being way below market .
- Property TypeMulti-Family
- NeighborhoodBallinger
- CountyKing
- Taxes$9,983
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusPending
- MLS ID Number2211292
- Home Size Source realist
- Year Built1979
- Lot Size0.2327 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 19415 28th Ave NE Lake Forest Park, WA 98155
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General Features
- Parking Spaces 8
- Number of Stories 2
- Acreage 0.2327
- Property Sub Type Multi Family
- Sewer Sewer Connected
- Lot Features Dead End Street
- Parking Total 8
Interior Features
- Cooling None
- Heating Baseboard
- Flooring Carpet
- Interior Wall to Wall Carpet
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Composition
- Waterfront Property No
- Exterior Wood
- Lot Dead End Street
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 720 - Lake Forest Park