Average square foot calculated using Size range provided by listing agent.
Description
The Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists of 31 units made up of 4 one bedroom/one bath units, 25 two bedroom/two bath units, 1 three bedroom/1 bath unit and 1 three bedroom/one and a half bath townhouse unit. 5 of the units have recently been turned over and are in the process of lease up. The property features a large common laundry room for the tenant’s convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs.Show Description
MLS® Number2396882
Laundry Level
Central VacNo
FireplaceNo
Acreage1.41
ExteriorBrick
GarageNo
Approx. Age1962
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel
Extras
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