Investment opportunity to purchase as a 6-unit apartment for immediate and long-term cash flow with upside or renovate and re-sell each townhome dwelling unit individually for near term profit. Each townhouse unit has its own parcel number, electric meter, water meter and are classified as Common Wall Single Family Residences (Not Condominiums). No condo paperwork required to sell off the units individually. The townhomes have 2 or 3 bedrooms with 1.5 baths, dishwashers, washer/dryers, carports and fully fenced backyards with storage sheds. It's adjacent to Frontier Heights Park and walking distance to Lake Stevens Marketplace and Frontier Village Shopping Center. The HOA provides a community center and abundant guest parking.
MLS# | 2298116 |
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Listing Type | For Sale |
Style | Town House |
Building Name | Frontier Heights No. 2 |
Suite Number | 1 |
HOA Dues | $600 |
Sub-Type | Resale |
Status | Pending |
Year | 1969 |
Days On Site | 126 |
Listing Provided By | Paragon Real Estate Advisors | Rich Walker |
SQ Feet | 6,272 |
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Car Port | Yes |
Story(s) | 2 |
Units | 6 |
Acreage | 0.30 |
State | WA |
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County | Snohomish |
City | Lake Stevens |
Zip Code | 98258 |
Area | 760 Northeast Snohomish? |
Community Name | Lake Stevens |
School District | Lake Stevens Snr Hig |
Elementary School | Stevens Creek Elementary |
Middle School | North Lake Mid |
High School | Lake Stevens Snr Hig |
Listing VS Median (in Lake Stevens) | |
Price: $1,700,000 low | high Med: $782,450 SqFt: 6,272 low | high Med: 1,981 $ / SqFt: $271 low | high Med: $396 On Site: 126 low | high Med: 35.500000 |