The Village

The Village Apartments is a 28 unit apartment located in Edmonds which is a rare opportunity with significant upside yielding a market cap rate of 6.75%. Structurally, the asset features double pane vinyl windows, copper plumbing (supply and waste), newer roof, recent exterior paint and updated railings. Most units have been turned in the past 5 years and the building has a heavy concentration of 1 bedrooms. Additionally, there is an office that could possibly be converted to a 29th unit or added on to the adjacent unit.