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19618-19628 68th Ave W
Lynnwood, WA 98036
Chrimar Apartments · Multifamily Property For Sale
·
31 Units
Investment Highlights
- 31 Units featuring 4 – 1bd/1bth units, 25 – 2bd/1bth units, 1 – 3bd/1bth unit and 1 – 3bd/1.5bth unit
- Operational Upside
- Market Cap Rate – 8.9% with a $10,000/unit budget for a heavy unit turn
- Easy to manage building with great cash flow on day one
- Current Cap Rate – 7.8%
- Price Per Unit - $145,000
Property Facts
| No. Units | 31 | Lot Size | 1.41 AC |
| Property Type | Multifamily | Building Size | 22,100 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Zoning | CDM | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 22,100 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | CDM |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,225 | - |
| 2+1 | 25 | $1,568 | - |
| 3+1 | 1 | $1,975 | - |
| 3+1.5 | 1 | $2,050 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,630,300 | |
| Land Assessment | $2,069,400 | Total Assessment | $6,699,700 |
Property Taxes
Parcel Numbers
Land Assessment
$2,069,400
Improvements Assessment
$4,630,300
Total Assessment
$6,699,700
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