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19415 28th Ave NE Lake Forest Park, WA $ 1,400,000
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$ 1,400,000 Get more info
19415 28th Ave NE
$ 1,400,000
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19415 28th Ave NE

Lake Forest Park, WA, 98155
$ 1,400,000
Baths0.0 Sq 3,640

Monthly Estimate*

$ 9,779

Listed by Keller Williams Realty Bothell
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 1
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 2
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 3
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 4
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 5
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 6
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 7
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 8
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 9
19415 28th Ave NE, Lake Forest Park, WA 98155 - Image 10
Studio

Multi-Family Home for sale in Lake Forest Park, WA

for $1,400,000. This 3,640 square foot home was built in 1979 on a lot size of 0.2327.

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 .

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Multi-Family Pending

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,983

Style

4-Plex

Lot Size

0.2327

Year Built

1979

Town/City

Lake Forest Park

County/Region

King

MLS | Web ID

2211292
Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1979
Property SubType Multi-Family
Tax Year 2024
County King
Net Operating Income 40276
Insurance Expense 2910
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Ballinger
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Inspection
Directions Follow I-5 N to WA-104 E/NE 205th St/Lake Ballinger Way in Shoreline. Take exit 177 from I-5 N. Continue on WA-104 E. Drive to 28th Ave NE in Lake Forest Park. Slight left onto NE 195th St
City Lake Forest Park
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Shoreline
Open Parking Spaces 8
Total Units 4
MLS Area 720 - Lake Forest Park
Lot Size Square Feet 10138
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 28th Ave NE
Listing Terms Cash Out Conventional
Tax Annual Amount 9983
Electric Expense 305
Fuel Expense 0
Property Condition Good
Public Remarks 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
Leasable Area 3640
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 4
Zoning Class Multi-Family
Water Sewer Garbage 6886
Property Style 54 - 4-Plex
Cap Rate 2.88
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Interior
Flooring Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Dead End Street
Total Parking 8
Building Area Total 3640
Lot Size Acres 0.2327
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 8
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Internal Only
OriginalMLSID NWM2211292
Street Number 1 19415
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* Excluded Features
List By
Corey Crain

Listing Agent

Keller Williams Realty Bothell

Broker

Affordability Calculator

$10,611
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,779
Monthly Property Taxes
$832
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256873 Elementary School
257732 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/20/2024$1,400,000 Listed Price

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19415 28th Ave NE, Lake Forest Park, WA, 98155 is a Multi-Family Home for sale at $1,400,000 with 3,640 sqft and a lot size of 0.2327. 19415 28th Ave NE is a studio with 0.0 baths and was built in 1979. The property's zip code is 98155 which is in Lake Forest Park, WA

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