5302 212 Street SW Mountlake Terrace WA 98043
$ 839,000
  4   |    2   |    3087 Sq Feet
Listed By: Coldwell Banker Danforth

Listing ID

#2403680

Property Type

Single Family Residence

Property Style

Traditional

County

Snohomish

Neighborhood

Mountlake Terrace

Year Built

1937

Days on website

2

Description
Many options with owner-occupied investment. Legal duplex on multifamily zoned lot that offers untapped potential for future expansion by adding multiple additional units. The upper unit is 1,008 square feet and has been tastefully updated, while the lower unit boasts two stories of living space at 2,079 square feet, along with a newly renovated 320sqft garage. With a combined rental income of $4,180, you can choose to occupy one unit and lease the other. Pre-approved for future development of three townhomes or the option for two single-family residences or tiny homes. Each option assume duplex stays. 5+ townhouses would be possible if the duplex was removed. See the brand new 18-unit townhouse development next door for inspiration.
Location
Financial Information
List Price:  $ 839000
Taxes:  $ 6031
Property Features
Appliances:  Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Basement:  Daylight, Partially Finished
Exterior Features:  Wood
Flooring:  Carpet, Vinyl Plank
Foundation Details:  Poured Concrete
Interior Or Room Features:  Double Pane/Storm Window, Water Heater
Levels:  Multi/Split
Lot Features:  Curbs, Paved, Sidewalk
Parking Features:  Attached Garage, Driveway, Off Street
Property Condition:  Very Good
Roof:  Composition, Flat
Sewer:  Sewer Connected
Structure Type:  House
Vegetation:  Garden Space
Water Source:  Public
MLSAreaMajor:  730 - Southwest Snohomish
City:  Mountlake Terrace
Subdivision Name:  Mountlake Terrace
Listed By:     Coldwell Banker Danforth  206-971-8800