7420-7428 208th St SW - Apartments FOR SALE


Edmonds, WA 98026
$8,000,000 USD
206-826-5731
7420-7428 208th St SW, Edmonds, WA for Sale
$8,000,000 USD
Apartments - FOR SALE
1/29
null | 6.13% Cap Rate

7420-7428 208th St SW
Edmonds, WA 98026


HIGHLIGHTS

  • Stabilized Opportunity: In-place 6.13% cap rate
  • Favorable Unit Mix: Three-quarters of units have two bedrooms
  • Additional Income Potential: 52% Utility reimbursement in-place

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

36

PRICE/UNIT

$222,222

CAP RATE

6.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Horizon Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

RM-15, Edmonds

APN/PARCEL ID

003804-000-003-00

ASK ABOUT THIS PROPERTY

Zac MazzucaMarcus & MillichapMore Info
206-826-5731

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Zac MazzucaMarcus & MillichapMore Info
206-826-5731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.