$1,550,000
10th Street Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,940
Units 6
Cap Rate 5.28%
Occupancy 100%
Price per SqFt $313
Class B
Lot Size (SqFt) 14,810
Investment Type Stabilized
5 Large 988 SF Units in the Highly Desirable City of Snohomish
Marketing description
The 10th Street Apartments is a cash-flowing 5-unit multifamily investment opportunity in the charming, historical city of Snohomish, WA. The property features a highly desirable unit mix and full amenity packages, with each unit offering two bedrooms, one bathroom, 988 square feet of living space, in-unit washers & dryers, dishwashers, disposals, wood-burning fireplaces, private decks/patios, off-street parking stalls, and large exterior storage lockers. Over the past five years, the property has undergone significant capital improvements, including a new composition roof, Hardie plank siding, Milgard double-pane vinyl windows, and new deck coatings, all completed in 2021.
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