6630 202nd Street SW, Lynnwood, WA 98036
- $9,995,000
- 44,374
- SqFt
Listing courtesy of Lee & Associates Commercial RE.
- List Price
- $9,995,000
- Status
- PENDING INSPECTION
- MLS#
- 2421419
- Price Change
- ▼ $2,005,000 1773724271
- Days on Market
- 346
- Style
- 56 - 10+ Units
- Finished SqFt
- 44,374
- Area Total SqFt
- 44374
- Annual Tax Ammount
- 116934
- Lot Size (sq ft)
- 100,624
- Sewer
- Sewer Connected
Property Description
The Lee & Associates | Northwest Multifamily Team presents Viking Apartments, 7 buildings, 70-unit on 2.31 acres. Offering flats, townhomes, a duplex, and a SFR in 1-, 2-, & 3-bedroom layouts averaging 606 sq. ft. About half the units feature vinyl plank flooring, resurfaced tubs, and repainted cabinetry. Upgrades include a TPO roof (2024) and new shingles (2022) on several buildings. Wood-frame with brick, CMU, marblecrete, and wood siding, copper plumbing, electric baseboard heat, individual water heaters, and off-street parking. Zoned CDM with redevelopment potential. Near light rail, Edmonds College, Hwy 99, and Lynnwood Transit Center, benefiting from the area’s transformation into a regional hub fueling strong rental demand and upside
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Additional Information
- List Date
- 2025-08-14 16:38:11
- Community
- Lynnwood
- Net Operating Income
- $676,261
- Gross Adjusted Income
- $1,150,759
- Gross Scheduled Income
- $1,255,158
- Total Monthly Income
- $95,550
- Insurance Expenses
- $54,245
- Water/Sewer/Garbage Expenses
- $114,364
- Gross Rent Multiplier
- 8.6
- Total Expenses
- $474,499
- Cap Rate
- 6.77
- Vacancy Rate
- 5
- Total Number of Units
- 71
- Unit Name
- 6630
- Potential Terms
- Cash, Conventional
- Year Built
- 1962
- Roof
- Composition, Flat
- Other Expenses
- 188956
- Energy Source
- Electric
- School District
- Snohomish
- Total Monthly Income
- $95,550
- Gross Scheduled Income
- $1,255,158
- Vacancy Rate
- 5
- Gross Adjusted Income
- $1,150,759
- Tax Year
- 2025
- Insurance Expense
- $54,245
- W/S/G Expenses
- $114,364
- Total Expenses
- $474,499
- Net Operating Income
- $676,261
- Gross Rent Multiplier
- 8.6
- Cap Rate
- 6.77
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.