MLS #2396882 / Listing provided by NWMLS & Paragon Real Estate Advisors.
$4,495,000
19618 -19628 68th Avenue W
Lynnwood,
WA
98036
Sq Ft
Per Sq Ft
Year Built
The Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists of 31 units made up of 4 one bedroom/one bath units, 25 two bedroom/two bath units, 1 three bedroom/1 bath unit and 1 three bedroom/one and a half bath townhouse unit. 5 of the units have recently been turned over and are in the process of lease up. The property features a large common laundry room for the tenant’s convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 51
- Uncovered Parking Spaces: 51
- Open Parking Spaces: 51
Structure
- Roof: Built-Up
- Exterior Features: Brick
Lot Details
- Acres: 1.41
Schools
- High School District: Edmonds
Lot Details
- Acres: 1.41
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 53787
Cindi Squance
Broker | REALTOR®
Send Cindi Squance an email