Provided by NWMLS, Bought with The Foundation Group LLC and Listed by The Foundation Group LLC
Sold
627 Avenue A
Snohomish WA, 98290
$17,900,000
$281.96 per sqft
Sold
63,485 sqft
Multi-family
Built in 1991
Swifty Creek Apartments - value-add 70 unit complex on three parcels. Unique offering with spacious unit layouts, tidy grounds, on-site office for management, central location near Highway 2 and territorial views of the Cascade Mountain Range. The offering includes a significant value-add component which comes from renovating units, implementing a utility bill-back system, adding washers and dryers to the remaining one-bedroom units, and modifying the two-bedroom one 1/4 baths to two-bathrooms. Current cap rate is 4.66% and trending to 6%+.
1920597
MLSⓇ ID
April 22, 2022
Listed
March 21, 2024
Updated
Map
627 Avenue A
Snohomish WA, 98290
Interior Features
Total Stories
2
Interior Features
Wall to Wall Carpet, Laminate
Floor Description
Laminate, Carpet
Fireplace
No
Cooling
No
Heating
Yes
Exterior/Building Features
Lot Size
1.44 Acres
Exterior Features
See Remarks
Lot Features
Adjacent to Public Land
Roof
Composition
Sewer
Available
School Information
School District
Snohomish
High School
Snohomish High
Elementary School
Buyer To Verify
Other Property Details
Area Name
760 - Northeast Snohomish?
Taxes
$83,482
Tax Frequency
Annually
Garage
No
Parking Total
139
View
Yes
View Description
See Remarks
County
Snohomish
Water Source
Community
Pool
No
Waterfront
Yes
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 5/8/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/8/2024 at 3:00 AM UTC