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    520 Kelsey St, Unit Monroe Monroe, WA 98272

    For Sale
    $5,200,000

    18-unit multifamily property with renovated units and diverse floorplans.

    Property Features for 520 Kelsey St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1989

    Source: NORTHMARQ MULTIFAMILY LLC Agent TYLER SMITH

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Community in Monroe

    Cherry Creek Apartments is an 18-unit multifamily community located in Monroe, Washington. The property features a mix of one-bedroom flats, two-bedroom flats, and two- and three-bedroom townhomes, with an average unit size of 1,134 square feet. Most residences have been renovated and include stainless steel appliances, granite countertops, luxury vinyl plank flooring, modern lighting, refaced cabinetry, and in-unit washer/dryers. The community provides a parking ratio of 2.67 spaces per unit, including 20 garage spaces and 28 surface stalls. Select townhome units feature attached two-car garages and floorplans up to 1,450 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Clothing Store Nail Salon Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Snohomish
    State
    Washington
    Longitude
    -121.9774921
    Latitude
    47.8496845

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    FAQs

    What type of property is this?
    Apartment building - 18-unit multifamily property with renovated units and diverse floorplans.
    Where is this apartment building located?
    The property is located at 520 Kelsey St, Unit Monroe Monroe, WA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - 18 units in a desirable multifamily community; - Renovated units with stainless steel appliances, granite countertops, luxury vinyl plank flooring, modern lighting, refaced cabinetry, and in-unit washer/dryers.; - Diverse unit mix including one, two, and three-bedroom options, with spacious townhome layouts up to 1,450 square feet.
    Request Owner's contact information
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    Monroe, WA 98272
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 Kelsey St, Unit Monroe Monroe, WA 98272
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