Listed by Northmarq
$5,200,000
Cherry Creek Apartments
Details
APN 00484600301302, 00484600301000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,556
Net Rentable (SqFt) 20,556
Units 18
Cap Rate 5.72%
Price per SqFt $253
Year Built 1989
Buildings 3
Stories 2
Lot Size (SqFt) 40,946
Parking Spaces 28 spaces
Parking Per SqFt 1.36
Multifamily | 18 Units | $288,889/unit
Investment highlights
Diverse Unit Mix One-bedroom, two-bedroom, and large two- and three-bedroom townhome layouts, averaging 1,134 SF.
Expansive Townhomes Two-bedroom (1,338 SF) and three-bedroom (1,450 SF) townhomes with attached two-car garages—an attractive alternative to single-family rentals.
Renovated Interiors: Upgraded units include stainless steel appliances, granite countertops, modern lighting, luxury vinyl plank flooring, refaced cabinets, and in-unit washer/dryers.
Robust Parking: Strong 2.67 spaces per unit ratio with 20 garages and 28 surface spaces.
Strategic Location: Located in Snohomish County, offering immediate access to Highway 2, a 20-minute commute to Everett, and close proximity to Bellevue and the Cascade Mountain Range.
Listing Contacts
Listed by Northmarq
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