1805 Filbert Rd | Lynnwood, WA 98036
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- LoopNet Team
1805 Filbert Rd
Lynnwood, WA 98036
Timber Grove Apartments · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- Investing in Landlord Friendly Count
- High cashflow property with easy access to Alderwood Mall, Seattle, Bellevue business districts
- Strong Rent Growth in submarket North of Seattle
- A stabilized asset with upside priced at $223k/unit
- Property sits 2.3 miles from under-construction light rail station (2024)
- A unique opportunity of immediate rental upside that’s already stabilized above a 5% cap rate
PROPERTY FACTS
| No. Units | 48 | Building Size | 34,204 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1968/2020 |
| Building Class | C | Parking Ratio | 1.92/1,000 SF |
| Lot Size | 3.22 AC | ||
| Zoning | RU, Lynnwood | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.22 AC |
| Building Size | 34,204 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2020 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | RU, Lynnwood |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Garden
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 27 | - | - |
| 2+1 | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 003728-008-025-02 | Improvements Assessment | $6,516,500 |
| Land Assessment | $3,749,600 | Total Assessment | $10,266,100 |
PROPERTY TAXES
Parcel Number
003728-008-025-02
Land Assessment
$3,749,600
Improvements Assessment
$6,516,500
Total Assessment
$10,266,100
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