623 W Stevens Rd | Burlington, WA 98233
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- LoopNet Team
623 W Stevens Rd
Burlington, WA 98233
Markwood Apartments · Multifamily Property For Sale
·
214 Units
INVESTMENT HIGHLIGHTS
- Desirable, low-density garden-style product
- Immediate proximity to Seattle, Bellevue, and Bellingham major employers via I-5
- Strong projected rent growth in MSA with limited supply, and only one project currently under construction in Burlington
- Large average unit size of 802 SF
- Premier Skagit County location with an abundance of dining, shopping and weekend getaways
PROPERTY FACTS
| No. Units | 214 | Lot Size | 7.17 AC |
| Property Type | Multifamily | Building Size | 171,720 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2024 |
| Building Class | B |
| No. Units | 214 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.17 AC |
| Building Size | 171,720 SF |
| No. Stories | 3 |
| Year Built | 2024 |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Patio
SITE AMENITIES
- Business Center
- Clubhouse
- Courtyard
- Picnic Area
- Property Manager on Site
- Recycling
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 48 | - | 566 |
| 1+1 | 24 | - | 717 |
| 2+1 | 78 | - | 889 |
| 2+2 | 40 | - | 823 |
| 3+2 | 24 | - | 1,012 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $34,271,900 | |
| Land Assessment | $33,384,000 | Total Assessment | $67,655,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$33,384,000
Improvements Assessment
$34,271,900
Total Assessment
$67,655,900
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