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.
Pending
Listed by:
Michael Urquhart,
Paragon Real Estate Advisors,
Brian D. Platt,
Paragon Real Estate Advisors
$4,495,000
19618 -19628 68th Avenue W, Lynnwood, WA 98036
--beds
--baths
22,100sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$4,158,800 Zestimate®
$203/sqft
$-- HOA
What's special
Large common laundry room
- 53 days
- on Zillow |
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