21521 73rd Pl W | Edmonds, WA 98026
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21521 73rd Pl W
Edmonds, WA 98026
Stevens Court · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- 18 spacious units - 10 two-bed/one-bath homes and 8 one-bed/one-bath apartments
- Assumable financing at 4.08% - Approximately 4 years remain in the fixed-term portion with a balance of approximately $2,220,000 with Chase
- Value add potential - increase rents to market, bill for parking/storage, and develope the two large common outdoor spaces for added property appeal
- Copper piping, new roof (2021), new common laundry washer/dryers (2022), recent partial improvements to 14 units, complete renovations to 2 units
- Landscaped courtyard, 18 storage spaces, backyards for lower units, vaulted ceilings for upper units, 18 parking stalls that some use as tandem spots
- Excellent location steps from Edmonds Swedish Campus, 2.3 miles to the Lynnwood Transit Center and future light rail (2024)
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.57 AC |
| Property Type | Multifamily | Building Size | 11,568 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/1967 |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Zoning | RM-2.4 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 11,568 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/1967 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | RM-2.4 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Patio
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,425 | 550 |
| 2+1 | 10 | $1,623 | 750 |
PROPERTY TAXES
| Parcel Number | 005013-000-007-02 | Improvements Assessment | $3,463,900 |
| Land Assessment | $1,023,300 | Total Assessment | $4,487,200 |
PROPERTY TAXES
Parcel Number
005013-000-007-02
Land Assessment
$1,023,300
Improvements Assessment
$3,463,900
Total Assessment
$4,487,200
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