5720 198th St SW | Lynnwood, WA 98036
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- LoopNet Team
5720 198th St SW
Lynnwood, WA 98036
Tanglewood Apartments · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- Favorable Operating Environment - Location in Snohomish County accesses favorable landlord-tenant legislation
- Additional Income Potential - RUBS began implementation in September All but one unit have a storage locker in the basement Parking ratio of 1.38 | 1
- Value-Add Opportunity - Current rents $400-$500 below comparable properties nearby
PROPERTY FACTS
| No. Units | 42 | Lot Size | 1.65 AC |
| Property Type | Multifamily | Building Size | 31,770 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1967 |
| Zoning | RMM | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.65 AC |
| Building Size | 31,770 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1967 |
| Zoning | RMM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
- Patio
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Wi-Fi
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | $1,367 | 675 |
| 2+1 | 12 | $1,652 | 960 |
PROPERTY TAXES
| Parcel Number | 005653-000-011-07 | Improvements Assessment | $9,553,200 |
| Land Assessment | $1,983,700 | Total Assessment | $11,536,900 |
PROPERTY TAXES
Parcel Number
005653-000-011-07
Land Assessment
$1,983,700
Improvements Assessment
$9,553,200
Total Assessment
$11,536,900
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