Lynnwood, WA 98036 19618 -19628 68th Avenue W
$4,495,000
Pending
28 more
Presented By: Paragon Real Estate Advisors and NWMLS
- MLS# 2396882
- 06/24/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 22,100
Home Details
The Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists of 31 units made up of 4 one bedroom/one bath units, 25 two bedroom/two bath units, 1 three bedroom/1 bath unit and 1 three bedroom/one and a half bath townhouse unit. 5 of the units have recently been turned over and are in the process of lease up. The property features a large common laundry room for the tenant’s convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs.
Presented By: Paragon Real Estate Advisors and NWMLS
Interior Features for 19618 -19628 68th Avenue W
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 19618 -19628 68th Avenue W
Building Area UnitsSquare Feet
Cap Rate7.82
Carport Spaces
Carport Y/NNo
CityLynnwood
CoolingNone
CountySnohomish
DirectionsFrom Seattle, get on I-5 N. Follow I-5 N to 220th St SW in Mountlake Terrace. Take exit 179 from I-5 N. Follow 220th St SW to 66th Ave W.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictEdmonds
Insurance Expense29450
Leasable Area22100
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet61419
Lot Size UnitsSquare Feet
MLS Area730 – Southwest Snohomish
ModificationTimestamp2025-07-22T20:46:10.692Z
NWM_ShowMapLinkY
Net Operating Income351331
New ConstructionNo
Number Of Units Total0
Open Parking Spaces51
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThe Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportuni
RoofBuilt-Up
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeMulti Family
Subdivision NameLynnwood
Tax Annual Amount50566
Tax Year2024
Units Below Gradefalse
Units In Building Total31
Water Sewer Garbage53787
Year Built1962
Exterior for 19618 -19628 68th Avenue W
Building Area Total22100
Covered Spaces
Exterior AmenitiesBrick
Irrigation Water Rights Y/NNo
Lot Size Acres1.41
Parking Uncovered Spaces51
Total Parking51
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®