5216 188th Street, Lynnwood WA

Town House style 4-plex ready to be added to your portfolio. Amazing location near Lynnwood's future light rail station, I-5 and 405. Surrounded by beautiful landscaping, these 2 bed/1 bath units all boast balconies, patios and 2 parking spots each. This investment has the potential to earn an impressive ROI. Already cash flowing and fully rented, this property allows new buyer to capture rent increases and implement utility reimbursements as soon as you close. Current rents $1,000-$1,250. Estimated Rent $1,650. Cap Rate with rent increases is 5.5%. Also for sale 5226 188th Street SW. Buy one or both! Perfect cash flowing asset for the savvy or newbie investor.