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7420-7428 208th St SW
Edmonds, WA 98026
Horizon Park Apartments · Multifamily Property For Sale
·
36 Units
Investment Highlights
- Stabilized Opportunity: In-place 6.13% cap rate
- Additional Income Potential: 52% Utility reimbursement in-place
- Favorable Unit Mix: Three-quarters of units have two bedrooms
Property Facts
| No. Units | 36 | Building Size | 24,897 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/1990 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 1.29 AC | ||
| Zoning | RM-15, Edmonds | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 24,897 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/1990 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | RM-15, Edmonds |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,608 | 502 - 720 |
| 2+1 | 27 | $1,748 | 710 - 875 |
Property Taxes
| Parcel Number | 003804-000-003-00 | Improvements Assessment | $5,690,400 |
| Land Assessment | $1,869,600 | Total Assessment | $7,560,000 |
Property Taxes
Parcel Number
003804-000-003-00
Land Assessment
$1,869,600
Improvements Assessment
$5,690,400
Total Assessment
$7,560,000
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