Provided by NWMLS, Listed by Levi Sterley, Lee & Associates Commercial RE
225 164th Street SE
Bothell, WA, 98012
$5,400,000
$465 per ft²
$5,400,000
$465 per ft²
Active
Active
- For Sale11,590 ft²
Multi-family
Built 1989
Eastwood Apartments has been under current ownership for over two decades, recently undergoing an extensive 7-figure exterior renovation and partial interior renovation over the last two years. Additional upside remains through modernizing all unit interiors to obtain the highest return on cost. Operational upside can be found through a widespread marketing approach, allowing pets to widen the tenant pool, charging for storage units and parking, and increasing RUBS from about a 50% recapture rate to 85%+. Additionally, there is a large non-conforming unit on the ground level that has the potential to be legitimized, or rented out for other use.
MLS® ID:
2041891
Listed:
2/19/23
Updated:
3/27/23
Fathom Realty
Sonja Tijmann
Interior Features
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Laminate, Wall to Wall Carpet
Floor Description
Laminate, Vinyl Plank, Carpet
Cooling
Wall Unit(s)
Heating
Wall Unit(s)
Exterior/Building Features
Lot Size
0.54 acres lot
Exterior Features
Cement Planked, Stone, Wood Products
Architectural Style
Multi Family
Lot Details
Dead End Street
Roof
Flat, See Remarks, Torch Down
Sewer
Sewer Connected
School Information
School District
Edmonds
High School
Buyer To Verify
Middle/Jr High
Buyer To Verify
Elementary School
Buyer To Verify
Other Property Details
Area Name
740 - Everett/Mukilteo
Taxes
$18757.35
Tax Frequency
per YEAR
Garage
No
Parking
30
Parking Total
30.0
View
N
County
Snohomish
Water Source
Public
Pool
No
Total Stories
3
Buyer Agency Compensation
1
Provided by NWMLS, Listed by Levi Sterley, Lee & Associates Commercial RE
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Data last updated 10:51 PM UTC, 3/27/23
Fathom Realty
Sonja Tijmann
