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5717 186th Place SW Lynnwood, WA $ 2,500,000
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$ 2,500,000 Get more info
5717 186th Place SW
$ 2,500,000
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5717 186th Place SW

Lynnwood, WA, 98037
$ 2,500,000
Baths0.0

Monthly Estimate*

$ 16,616

Listed by Keller Williams Rlty Bellevue
5717 186th Place SW, Lynnwood, WA 98037 - Image 1
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Studio

Commercial Property for sale in Lynnwood, WA

for $2,500,000. This building was built in 1955 on a lot size of 1.49.

Well maintained 1.49 acre mobile home park in a great location in central Lynnwood and close to shopping, schools, emergency services, and recreation. Minutes to Seattle, Everett, Boeing, and the Eastside. (16) MH spaces plus an additional RV hook-up and a newly renovated 3-bedroom house. Updated water supply system, site is connected to city water and sewer. (2) of the units are park-owned, all the others are tenant-owned. Opportunities for additional income: filling (1) existing vacant home space, (1) RV hook-up space, individual metering of the utilities, and renting the house. Buyer to confirm market rent outlook. Proforma 6.3 Cap Rate.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,588

Style

Mobile Home Park

Lot Size

1.49

Year Built

1955

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2001583
Features
General
Sewer Sewer Connected
Possession Closing
HOA 0
Year Built 1955
Topography Level
Property SubType Commercial Industrial
Tax Year 2022
County Snohomish
Net Operating Income 93246
Insurance Expense 6482
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Lynnwood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Highway 99 west on 186th Pl SW property on the right.
City Lynnwood
Buyer Agent Compensation 3.0
Senior Community Y/N N
Total Units 0
MLS Area 730 - Southwest Snohomish
Lot Size Square Feet 64904
Carport Y/N N
Street Name 186th
Listing Terms Cash Out Conventional
Tax Annual Amount 12588
Public Remarks Well maintained 1.49 acre mobile home park in a great location in central Lynnwood and close to shopping schools emergency services and recreation. Minutes to Seattle Everett Boeing and the Eastside.
Structure Type Manufactured House
Building Area Units Square Feet
Standard Status Active
Water Company City of Lynnwood
Zoning Class Multi-Family
Water Sewer Garbage 21757
Property Style 72 - Mobile Home Park
Cap Rate 3.72
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Place
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 0
Building Area Total 0
Lot Size Acres 1.49
Lot Size Units Square Feet
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2001583
Street Number 1 5717
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* Excluded Features
List By
Joe Hopkins

Listing Agent

Keller Williams Rlty Bellevue

Broker

Affordability Calculator

$17,665
Per Month
94%
6%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$1,049
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/24/2022$2,500,000 -20.00% Price Down
9/29/2022$3,125,000 Listed Price

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5717 186th Place SW, Lynnwood, WA, 98037 is a Commercial Property for sale at $2,500,000 with a lot size of 1.49. 5717 186th Place SW is a studio with 0.0 baths and was built in 1955. The property's zip code is 98037 which is in Lynnwood, WA

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