19628 68Th Ave W Lynnwood, WA 98036
31-unit apartment building with value-add potential in Lynnwood, Washington.
Property size:
22,100 SFProperty Features for 19628 68Th Ave W
General Information
- Size
- 22,100 SF
Building Details
- Year built
- 1962
Source:
Corcoran
Listing Agent: Brian Platt
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lynnwood Multifamily Investment Opportunity
The Chrimar Apartments present a multifamily investment opportunity in the Lynnwood market. This 31-unit property offers immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists 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. Five 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 tenant convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs. Situated on two tax parcels with an expansive 61,419 square feet of land, the property encompasses a total building size of 22,100 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lynnwood
- County
- Snohomish
- State
- Washington
- Longitude
- -122.3257576
- Latitude
- 47.8205673
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 31-unit apartment building with value-add potential in Lynnwood, Washington.
Where is this apartment building located?
The property is located at 19628 68Th Ave W Lynnwood, WA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: - Value-add multifamily investment opportunity.; - 31 units in a thriving Lynnwood market.; - Opportunity to increase rents and reposition the asset.