Evergreen Grove Apartments (Status: New)

2709, Lincoln Way, Lynnwood, WA  98087

73-unit apartment community built in 1983 and 1984. The property is well-located in Lynnwood, Washington, This complex represents a significant value-add opportunity for multifamily investors. This opportunity includes continuing to renovate units, potentially adding new units (potentially 7 units), and management upside. Currently finishes throughout the complex range from carpeting to plank flooring and white appliances to stainless. Current management has replaced all roofs in 2020. The community has gated access, plentiful parking, and large units averaging 1,060 square feet. When constructed, each unit had a fireplace with a brick surround. Prior ownership decided to block the fireplaces with a metal panel and has capped the flues making the fireplace inoperable.

Listing Details

Asset Class: Multi-Family
Year Built: 1983
Building Total Square Feet: 77290
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 159
Local Zoning Information:

CBA

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.

Location

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