$4,199,900

303 Poppy Road, Bothell, WA 98012

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon4.55acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

This listing courtesy of David M. Hilbert, Real Estate 2000 Inc.

Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!

Listing Status:
Pending
Listing Office:
Real Estate 2000 Inc. : 425-670-2000
Listing Agent:
David M. Hilbert : 425-670-2000
MLS ID:
2456005
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: Wood
  • Parking: Parking spaces: 27
  • Roofing: Composition
  • General: 56 - 10+ Units
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Northshore
  • County: Snohomish
  • Zoning: 00373000700101
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of David M. Hilbert, Real Estate 2000 Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Woodside Elementary School

17000 23rd Ave SE, Bothell, WA, 98012

Grades KG-5

1.59 miles away

H

Heatherwood Middle School

1419 Trillium Blvd SE, Mill Creek, WA, 98012

Grades 6-8

3.25 miles away

H

Henry M. Jackson High School

1508 136th St SE, Mill Creek, WA, 98012

Grades 9-12

3.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.