Alder Apartments - 10 unit value-add opportunity with 6%+ market cap rate. First time on market since construction in 1988. Units are spacious with opportunity to modify the six 2B/1.25B to 2B/1.75B units (buyer to verify). Well maintained grounds, eleven secured storage units, 15 parking spaces (4 covered), and common laundry for the two units without in-unit W/D.
Sold
Listed by:
Aaron Locke,
The Foundation Group LLC,
Ethan Szmania,
The Foundation Group LLC
$2,961,800
101 Alder Avenue, Snohomish, WA 98290
--beds
--baths
11,328sqft
Multi Family
Built in 1988
-- sqft lot
$2,961,800 Zestimate®
$261/sqft
$2,227 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 05, 2024 at 05:44am
Offers reviewed: May 04
Listed by:
Aaron Locke,
The Foundation Group LLC,
Ethan Szmania,
The Foundation Group LLC
Bought with:
Aaron Locke, 107646
The Foundation Group LLC
Ethan Szmania, 125178
The Foundation Group LLC
Source: NWMLS,MLS#: 1919033
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Features
- Has fireplace: No
Interior area
- Total structure area: 11,328
- Total interior livable area: 11,328 sqft
Property
Parking
- Total spaces: 15
- Parking features: Open
- Carport spaces: 4
- Uncovered spaces: 11
Features
- Has view: Yes
- View description: River, Territorial
- Has water view: Yes
- Water view: River
Lot
- Size: 0.25 Acres
- Features: Corner Lot, Deck
Details
- Parcel number: 28061800301800
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal/Vinyl, Wood Products
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1988
- Major remodel year: 1988
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
- Utilities for property: Sewer Connected, Electric
Community & neighborhood
Location
- Region: Snohomish
- Subdivision: Snohomish
Other
Other facts
- Listing terms: Cash Out,Conventional,Rehab Loan
- Cumulative days on market: 1029 days
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$2,961,800
2% more+ $59,236
With Zillow Showcase(estimated)
$3,021,036