About 19618 -19628 68th Avenue W
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.
Features of 19618 -19628 68th Avenue W
| MLS® # | 2396882 |
|---|---|
| Price | $4,495,000 |
| Price Per SqFt | $203 |
| Bathrooms | 0.00 |
| Square Footage | 22,100 |
| Acres | 1.41 |
| Year Built | 1962 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Pending |
Community Information
| Address | 19618 -19628 68th Avenue W |
|---|---|
| Area | 730 - Southwest Snohomish |
| Subdivision | Lynnwood |
| City | Lynnwood |
| County | Snohomish |
| State | WA |
| Zip Code | 98036 |
Amenities
| Parking Spaces | 51 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Brick |
|---|
School Information
| District | Edmonds |
|---|
Additional Information
| Days on Market | 114 |
|---|---|
| Cumulative Days on Market | 114 |
| Days on Website | 114 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Paragon Real Estate Advisors |
|---|