About this property

Rare opportunity to acquire a well-maintained 8-unit property in desirable Lynnwood location. The 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. 4 of the units have been fully renovated with the remaining units having received upgrades over time. The Village Manor Apartments has also received modernization to many of the buildings systems including double-pane vinyl windows, Square D electrical panels, electric baseboard heating, and predominantly PEX plumbing. The brick exterior, combined with recently painted doors and eaves, contributes to strong curb appeal and long-term durability.