9608 NE 188th St - Apartments FOR SALE


Bothell, WA 98011- Downtown Bothell
$1,795,000 USD
206-658-7247
9608 NE 188th St, Bothell, WA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/11
null | 3.97% Cap Rate

9608 NE 188th St
Bothell, WA 98011
Downtown Bothell


HIGHLIGHTS

  • Owner-user opportunity
  • 4 – 2BD/1.75BTH – 924 Square Foot units
  • 8 parking spots and 4 storage units
  • Operational value-add opportunity
  • Double pane windows
  • Renovation potential

OVERVIEW

Well-located, value-add 4plex in the heart of Bothell! All 2BD/1.75BTH units with 1 currently vacant making it ideal for an owner/user. All units feature in-unit W/D, double-pane windows, dedicated storage and parking. There is operational value-add opportunity for a new owner to increase rents to market levels, implement utility bill-backs, and monetize storage and parking spaces. For investors seeking additional upside, there is renovation potential through cosmetic interior improvements. With its combination of steady in-place income, strategic location, and multiple avenues for growth, this Bothell Fourplex represents an attractive opportunity for both traditional investors and potential owner-occupants.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

3.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,852 SF

ZONING

GDC

APN/PARCEL ID

062605-9054

ASK ABOUT THIS PROPERTY

Ben DouglasParagon Real Estate AdvisorsMore Info
206-658-7247

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Ben DouglasParagon Real Estate AdvisorsMore Info
206-658-7247

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.