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Listed by:Paragon Real Estate Advisors • Nick Hemming
$ 1,900,000
Est. payment | /mo
13 Beds
8 Baths
5,220 SqFt
$ 1,900,000
Est. payment | /mo
13 Beds
8 Baths
5,220 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,220 sqft
Price per Sqft $363
Subdivision Lynnwood
MLS Listing ID 2472323
Style 55 - 5-9 Units
Bedrooms 13
Year Built 1957
Annual Tax Amount $12,530
Lot Size 0.490 Acres
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a well-maintained 8-unit property in desirable Lynnwood location. The property offers investors a strong in-place tenant base with clear upside through a proven value-add strategy, already implemented in 50% of the units. The unit mix consists of three 1-bedroom + den units, four 2-bedroom units, and one spacious 2-bedroom + den unit. 4 of the units have been fully renovated with the remaining units having received upgrades over time. The Village Manor Apartments has also received modernization to many of the buildings systems including double-pane vinyl windows, Square D electrical panels, electric baseboard heating, and predominantly PEX plumbing. The brick exterior, combined with recently painted doors and eaves, contributes to strong curb appeal and long-term durability.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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