4113 156th St SW - Apartments FOR SALE
Lynnwood, WA 98087 |
$9,550,000 USD
206-826-5731
4113 156th St SW
Lynnwood, WA 98087
HIGHLIGHTS
- Favorable Operating Environment - Location in Snohomish County accesses favorable landlord-tenant legislation
- Operational Value-Add Opportunity - Current Operations leave a tremendous amount of meat on the bone in reducing economic vacancy
- Attractive Return Metrics - 7.16% adjusted cap rate and 8.34% average cash yield
- Strong Unit Mix - Nearly all two-bedroom units with a dedicated laundry room in each unit
- Recent Capital Improvement - Roofs were replaced in 2020 and many windows replaced with vinyl
- Excellent Proximity to Major Employers and Attractions • 9 minutes to Alderwood Mall • 11 minutes to Lynnwood Light Rail Station – Just opened to tran
FOR SALE DETAILS
PRICE
$9,550,000 USD
PRICE/SF
$288 USD /SF
# OF UNITS
35
PRICE/UNIT
$272,857
CAP RATE
7.3%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mt View Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1985
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.66 AC
LAND SF
72,310 SF
ZONING
MR, Lynnwood
APN/PARCEL ID
003729-011-023-03
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206-826-5731
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206-826-5731
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