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(253) 209-4200
Real Estate Company
10325 NE 187th Street, Bothell, WA 98011
Listing Broker: COMPASS; Erich Bubbel; 206-399-3285; erich@investmentsalesgrp.com
- $1,150,000
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2602581
- Style
- 54 - 4-Plex
- Building Condition
- Fixer
- Annual Tax Ammount
- 12269
- Lot Size (sq ft)
- 10,791
- Sewer
- Sewer Connected
Property Description
Bothell 4-unit multifamily value-add opportunity. The property features four spacious 2BD/1BA units, each approximately 1,015 SF with in-unit W/D, wood burning fireplaces and dedicated storage. Upper units feature a large shared deck. Additional highlights include a recently replaced TPO roof, large storage shed, and 10,791 SF lot, 4 carport parking spaces with enough space to fit 8 cars on the lot. Unit 3 is currently vacant, and Unit 4 is owner-occupied, offering immediate flexibility for investors or owner-users. Significant rental upside with renovated market rents projected at $2,250/unit. Current NOI of $63,296 reflects a 5.50% cap rate, with pro forma NOI of $89,288 and a 7.76% cap rate. Excellent opportunity to increase cash flow in Bothell's desirable rental market.
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Additional Information
- Community
- Bothell
- Net Operating Income
- $63,296
- Gross Adjusted Income
- $83,106
- Gross Scheduled Income
- $87,480
- Total Monthly Income
- $7,290
- Insurance Expenses
- $3,669
- Water/Sewer/Garbage Expenses
- $3,872
- Gross Rent Multiplier
- 13.15
- Total Expenses
- $19,810
- Cap Rate
- 5.5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 10325
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1958
- View
- See Remarks
- Roof
- Flat
- Site Features
- Fenced-Partially
- Energy Source
- Electric
- School District
- Northshore
- Total Monthly Income
- $7,290
- Gross Scheduled Income
- $87,480
- Vacancy Rate
- 5
- Gross Adjusted Income
- $83,106
- Tax Year
- 2026
- Insurance Expense
- $3,669
- W/S/G Expenses
- $3,872
- Total Expenses
- $19,810
- Net Operating Income
- $63,296
- Gross Rent Multiplier
- 13.15
- Cap Rate
- 5.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.