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Seattle Heights

Seattle Heights is a rare opportunity to purchase a 15 unit property in Edmonds with upside potential. Approximately half of the units have been updated with new kitchens, paint and flooring while 9 units have W/D in unit. The unit mix consists heavily of 2 bedroom layouts (12 total), over 1:1 parking ratio and is located in the coveted Edmonds School District. Structurally the asset offers copper plumbing (supply and waste), copper electrical wiring, updated sewer lines, double pane vinyl windows and 2 of the 3 roofs have been completed within the past 8 years (2012 and 2019).

Address

21034 74th Ave W
Edmonds, WA 98026

Type

Multi-Family

Status

Sold

Price

$ 3,050,000

Cap Rate

5.26%

# of Units

15

Price per Unit

$ 203,333

Available SF

10,320 SF

Price Per SF

$ 308.08

Land Area

18,730 SF

Year Built

1962

Broker contact information