Village Apartments (Status: New)
8201, 244th St, Edmonds, WA 98020
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 6.5%. 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.
Asset Class: Multi-Family
Year Built: 1958
Building Total Square Feet: 18048
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 32
Local Zoning Information: CG
Listing Courtesy of: Westlake Associates, Inc.
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.