4113 156th St SW | Lynnwood, WA 98087
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
4113 156th St SW
Lynnwood, WA 98087
Mt View Apartments · Multifamily Property For Sale · 35 Units
INVESTMENT HIGHLIGHTS
- Favorable Operating Environment - Location in Snohomish County accesses favorable landlord-tenant legislation
- Attractive Return Metrics - 7.16% adjusted cap rate and 8.34% average cash yield
- Recent Capital Improvement - Roofs were replaced in 2020 and many windows replaced with vinyl
- Operational Value-Add Opportunity - Current Operations leave a tremendous amount of meat on the bone in reducing economic vacancy
- Strong Unit Mix - Nearly all two-bedroom units with a dedicated laundry room in each unit
- Excellent Proximity to Major Employers and Attractions • 9 minutes to Alderwood Mall • 11 minutes to Lynnwood Light Rail Station – Just opened to tran
PROPERTY FACTS
| No. Units | 35 | Building Size | 33,212 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 1.66 AC |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.66 AC |
| Building Size | 33,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.81/1,000 SF |
UNIT AMENITIES
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Porch
SITE AMENITIES
- Fenced Lot
- Property Manager on Site
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 33 | $2,200 | 964 |
| 1+1 | 2 | $1,700 | 700 |
PROPERTY TAXES
| Parcel Number | 003729-011-023-03 | Improvements Assessment | $5,135,600 |
| Land Assessment | $1,818,300 | Total Assessment | $6,953,900 |
PROPERTY TAXES
Parcel Number
003729-011-023-03
Land Assessment
$1,818,300
Improvements Assessment
$5,135,600
Total Assessment
$6,953,900
ZONING
| Zoning Code | MR, Lynnwood |
| MR, Lynnwood |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
