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 4/18/2024. 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 4/18/2024 at 3:00 AM UTC 

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