7221 196th Street Sw, Lynnwood, 98036

Residential Income - Multi-Family For Sale in Lynnwood

$13,500,000

Beds
Baths
Sqft
2.77Acres
1991Built
23DOM
MLS® #: 1759818
Pending, 23 Days on Market

The Edgewood North apartments are a rare opportunity to acquire a solid real estate investment with significant upside potential. All 46 units are presently rented. Convenient location for north, south, and east commutes and very close to Edmonds CC. Buildings A - D were built in 1991 and are predominantly 2 bed/2 bath flats. Buildings E - G were built in 1998 and are slightly larger townhome-style units. In 2020, several units were upgraded with paint, LVP, carpet, white cabinets, stainless appliances, and trim for an instant 15-20% increase in rent. This creates a PROVEN opportunity for upgrades, to substantially increase the value of the investment. 2011 roofs, 2012 decks, 2020 exterior staircases/railings - hard parts are already done!

Listing Office: Keller Williams Eastside.

Price & Status History

Date Details
Status Changed from Active to Pending

Essential Information

MLS® #: 1759818
Price: $13,500,000
Acres: 2.77
Year Built: 1991
Type: Residential Income
Sub-Type: Multi-Family
Status: Pending

Financials

Property Taxes: $110,851

Community Information

Address: 7221 196th Street Sw
Area: 730 - Southwest Snohom
Subdivision: Lynnwood
City: Lynnwood
County: Snohomish
State: WA
Zip Code: 98036

Interior

# of Stories: 2

Exterior

Exterior Features: Metal/Vinyl,See Remarks
Foundation: Poured Concrete

School Information

District: Edmonds

Additional Information

Days on Market: 23
Cumulative Days on Market: 23

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Listing information last updated on May 12th, 2021 at 9:35am CDT.