615 Main Street Unit #A-C, Edmonds, WA 98020

$1,600,000

Listing courtesy of Champions Real Estate Services. Selling Office: Windermere Real Estate Midtown.

Sold Price
$1,600,000
List Price
$1,578,000
Status
SOLD
MLS#
1802899
Closing Date
Sep 15, 2021
Days on Market
6
Style
53 - Tri-plex
Building Condition
Good
Area Total SqFt
2818
Lot Size (sq ft)
5,663

Property Description

Prime downtown Edmonds location with partial view. Great investment property. Updated, remodeled & well maintained legal tri-plex. Property has many potential uses.. convert to condos, re-zone to commercial, use as a residential property, re-develop or leave as a profitable tri-plex. Unit A is a 1 bedroom extensively remodeled in 2016 with new kitchen & bath, Unit B, a 2 bedroom, updated in 2008. Unit C, owner's unit, a 3 bedroom & 2 bath. Remodeled in 2015 from top to bottom including new kitchen & baths. Each unit has its own private garden & patio with unit C having a huge roof top deck. 5 zone drip irrigation system. 8 security cameras. Carport for 3 with 2 additional spots/RV. Walk to ferry, library, bus stop, Starbucks & restaurants.

Additional Information

List Date
2021-07-27 00:00:00
Community
Downtown Edmonds
Potential Terms
Cash Out, Conventional
Year Built
1953
View
City, Mountain(s), Partial, Sound, Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, Rooftop Deck, RV Parking, Shop
Heating/Cooling Type
Ductless HP-Mini Split, Forced Air
Electric Expenses
238
Other Expenses
2773
Energy Source
Electric, Natural Gas
School District
Edmonds
Elementary School
Edmonds Elem
Middle School
College Pl Mid
High School
Edmonds Woodway High
Total Monthly Income
$5,600
Gross Scheduled Income
$67,200
Gross Adjusted Income
$53,216
Tax Year
2021
Insurance Expense
$996
W/S/G Expenses
$3,599
Total Expenses
$13,984
Net Operating Income
$53,216
Gross Rent Multiplier
23
Cap Rate
3
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks