20901 76th Ave W | Edmonds, WA 98026
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- LoopNet Team
20901 76th Ave W
Edmonds, WA 98026
Evergreen Apartments · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Evergreen offers significant rental upside by completing renovations; additional premiums achieved through RUBS collections and operational changes.
- Renovations are projected to increase rentals by over 15% and achieve a renovated pro forma cap rate of 6.43%.
- Strong rental demand and favorable market trajectory enhance the property's investment potential with promising stable income growth
- A strong & stabilized asset, the property boasts 100% occupancy with zero delinquency.
- The property offers a variety of one- and two-bedroom units, averaging 620 square feet, attracting a broad range of potential renters.
PROPERTY FACTS
| No. Units | 11 | Building Size | 6,816 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 0.70 AC | ||
| Zoning | RM-1.5 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 6,816 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | RM-1.5 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 520 |
| 2+1 | 8 | - | 710 |
PROPERTY TAXES
| Parcel Number | 003804-000-010-00 | Improvements Assessment | $1,130,700 |
| Land Assessment | $1,124,300 | Total Assessment | $2,255,000 |
PROPERTY TAXES
Parcel Number
003804-000-010-00
Land Assessment
$1,124,300
Improvements Assessment
$1,130,700
Total Assessment
$2,255,000
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