The Windchime is a 14-Unit Apartment Building ideally situated just 1.5 miles to the Shoreline South/148th St Light Rail Station. This prime asset offers a compelling, high value-add opportunity by increasing rents to market rates and continuing to renovate/upgrade units upon resident turnover. Instant equity and improve the existing 6% cap rate to 8.25% by adjusting to market rents and charging for parking, storage & utility bill backs. Thoughtful design and construction enhance the longevity of this enduring multifamily property. The Windchime is a stable, low-maintenance investment poised for both short and long term growth. Unit mix consists of 11 one-bedroom units and 3 two-bedroom units with the majority of tenants residing 5+ years.
Listing Courtesy of Northwest MLS / Bothell Office / Christopher Melton
$899,950 (USD)
Firdale Area Residential
Pending
9526 234th Street SW Edmonds, WA 98020
4 Bed
3 Baths
2164 sqft
MLS# 2426488
Delightful Edmonds home ideally situated on an oversized, corner lot. Well positioned for generational living/ADU income with a lock-off basement including kitchen, separate exterior entrance & parking. Situated between Firdale Village & Westgate, this home is close to parks, retail, grocery & transportation. Primary suite features 3/4 bath & two more bedrooms on the main floor including the updated guest bath. Downstairs bath has new tile, vanity & lighting. New Carpet & paint throughout with recently refinished hardwood floors. Composite deck and fully fenced patio resides off the dining area. Lot features RV/Boat parking, 2nd garage, storage shed & terraced garden. Live now and plan your future dream kitchen remodel. Virtually staged.
Listing Courtesy of Northwest MLS / Bothell Office / Christopher Melton
Northwest MLS / Bothell Office / Christopher Melton