7221 196th St SW, Lynnwood, WA 98036
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!
Broker: Kristi M. Sundquist
Office: Keller Williams Eastside
Address: 7221 196th St SW
Square Feet: n/a
Year Built: n/a