$9,550,000 USD
4113 156th St SW
Lynnwood, WA 98087
Picnic Point-North Lynnwood
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
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
