Property Details

19207 60th Avenue W

Lynnwood, WA 98036

$1,900,000

Pending

CBA# 707623 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

5,220

Bldg Sq Ft

Units

5.00%

Cap Rate

1957

Year Built

Property Overview

We are pleased to present the Village Manor Apartments, a rare multifamily investment opportunity in the thriving Lynnwood market. This well-maintained 8-unit property offers investors a strong in-place tenant base with clear upside through a proven value-add strategy, already implemented in 50% of the units.The unit mix consists of three 1-bedroom + den units, four 2-bedroom units, and one spacious 2-bedroom + den unit. The renovated 2-bedroom units feature quartz kitchen countertops, refinished cabinetry with new hardware, modern bathroom vanities and tub surrounds, and new LVP flooring in kitchens and bathrooms. Each unit enjoys access to a shared central courtyard and a common laundry room, enhancing tenant appeal.Village Manor Apartments is a low-maintenance asset, with many major b