$4,495,000

19618 -19628 68th Avenue W, Lynnwood, WA 98036

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon1.41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This listing courtesy of Michael Urquhart, Paragon Real Estate Advisors

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.

Listing Status:
Pending
Listing Office:
Paragon Real Estate Advisors : 206-623-8880
Listing Agent:
Michael Urquhart : 206-623-8880
MLS ID:
2396882
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: Brick
  • Parking: Parking spaces: 51
  • Roofing: Built-Up
  • General: 56 - 10+ Units
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Edmonds
  • County: Snohomish
  • Zoning: 27042000201000
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Michael Urquhart, Paragon Real Estate Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lynndale Elementary School

9521 240th St SW, Edmonds, WA, 98020

Grades KG-6

0.44 miles away

C

Contracted Schools

20420 68th Ave W, Lynnwood, WA, 98036

Grades PK-12

0.50 miles away

E

Edmonds Career Access Program

20000 68th Ave W, Lynnwood, WA, 98036

Grades 9-12

0.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.