19628 68th Ave Lynnwood, WA 98036 – Chrimar Apartments

Chrimar Apartments (Status: Pending) 4495000

19628, 68th Ave, Lynnwood, WA  98036

We are pleased to present the Chrimar Apartments, 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. Situated on two tax parcels with an expansive 61,419 square feet of land

Listing Details

Asset Class: Multi-Family
Year Built: 1962
Building Total Square Feet: 22100
Available Lease Space Square Feet: 22100
Number of Floors: 2
Total Parking Spaces: 51
Local Zoning Information: CDM

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.