7420 208th Street Edmonds, WA 98026 – Horizon Park Apartments

Horizon Park Apartments (Status: Pending) 7500000

7420, 208th Street, Edmonds, WA  98026

With 24 units completed in 1960, and a further 12 units added in 1990, Horizon Park is a 36-unit apartment community in the College Place neighborhood of Edmonds. The property is situated on a ±1.29 acre lot directly across the street from College Park Elementary and Middle Schools, which are slated for a complete renovation beginning next summer with $210 million from Edmonds School District’s $594 million bond measure approved last year. The property consists of 27 two-bedroom, one-bathroom units averaging ±777 square feet and 9 one-bedroom, one-bathroom units averaging ±526 square feet. In-place rents are strong across the board at $2.34 / SF, while further upside remains through reducing loss-to-lease, implementing storage and parking fees, increasing utility reimbursements, and light

Listing Details

Asset Class: Multi-Family
Year Built: 1962
Building Total Square Feet: 24897
Available Lease Space Square Feet: 0
Number of Floors: 2
Total Parking Spaces: 50
Local Zoning Information: RM-1.5

Listing Courtesy of: Marcus & Millichap, Inc.

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.