7221 196th Street SW
Lynnwood, WA 98036
- – beds
- – baths
- 51,311 sqft
- ~3 acre lot
- $268 per sqft
- 1991 build
- – on site
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The Edgewood North apartments are a rare opportunity to acquire a solid real estate investment with significant upside potential. All 46 units are presently rented. Convenient location for north, south, and east commutes and very close to Edmonds CC. Buildings A - D were built in 1991 and are predominantly 2 bed/2 bath flats. Buildings E - G were built in 1998 and are slightly larger townhome-style units. In 2020, several units were upgraded with paint, LVP, carpet, white cabinets, stainless appliances, and trim for an instant 15-20% increase in rent. This creates a PROVEN opportunity for upgrades, to substantially increase the value of the investment. 2011 roofs, 2012 decks, 2020 exterior staircases/railings - hard parts are already done!
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Last updated Jul 26, 2023
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MLS# 1759818 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/2/21
Sep 2, 2021
|
Sold | NWMLS | $13,800,000 | -4.8% |
|
7/13/21
Jul 13, 2021
|
Pending | NWMLS | $14,500,000 | |
|
6/24/21
Jun 24, 2021
|
Relisted | NWMLS | $14,500,000 | 7.4% |