Bought with The Foundation Group LLC
$2,675,000
$2,350,000
13.8%For more information regarding the value of a property, please contact us for a free consultation.
11,328 SqFt
SOLD DATE : 08/11/2022
Key Details
Sold Price $2,675,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,328 sqft
Price per Sqft $236
Subdivision Snohomish
MLS Listing ID 1919033
Style 56 - 10+ Units
Year Built 1988
Annual Tax Amount $13,161
Lot Size 10,890 Sqft
Property Sub-Type Multi-Family
Property Description
Alder Apartments - 10 unit value-add opportunity with 6%+ market cap rate. First time on market since construction in 1988. Units are spacious with opportunity to modify the six 2B/1.25B to 2B/1.75B units (buyer to verify). Well maintained grounds, eleven secured storage units, 15 parking spaces (4 covered), and common laundry for the two units without in-unit W/D.
Location
State WA
County Snohomish
Area 750 - East Snohomish County
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Utilities Available Sewer Connected, Electric
Amenities Available Deck
View Y/N Yes
View River, Territorial
Roof Type Composition
Building
Lot Description Corner Lot
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Snohomish
Others
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
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