303 Poppy Road

Bothell, WA 98012

  • Bed

  • Bath

  • 12750 SqFt

  • 1 DOM

  • Built: 1968

  • Status: Active

$4,199,900

X

303 Poppy Road

Bothell 98012

$4199900

  • Bed

  • Bath

  • 12750 SqFt

  • 1 DOM

  • Built: 1968

  • Status: Active

Srinivas Kasam

CEO & Founder

(650)533-3259

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!

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