76th West Apartments 19425 76th Ave W Immeuble residentiel 16 lots 4 000 815 € (250 051 €/Lot) Taux de capitalisation 4,79 % Lynnwood, WA 98036

Paragon Real Estate Advisors is pleased to present the 76th West Apartments, a rare turnkey multifamily investment opportunity in the thriving Lynnwood market. This well-maintained 16-unit property offers investors immediate operational upside by implementing a utility bill-back system while benefiting from an attractive assumable loan at just 3.41% interest, fixed until January 2031.
The building consists of twelve spacious 1BD/1BTH units and four 2BD/1.5BTH units, with 14 of the 16 units recently updated to feature new kitchen countertops, stainless steel appliances, modern bathroom vanities, and fresh carpeting. Approximately 10 units are equipped with in-unit washer/dryers, with two additional units believed to have existing hookups. Each unit also boasts a large private deck or patio, with all patios recently upgraded with new fencing and two deck replacements.
This low-maintenance property has all major systems in excellent condition, making it an easy asset to manage. The roofs were replaced around 2015, and the building features durable double-pane vinyl windows, copper plumbing, Murray breaker panels, and electric baseboard heating. The exterior has been recently painted, enhancing the property’s curb appeal.
Situated on an expansive 65,340 square foot lot, the property offers an abundance of parking with 31 open stalls. The property is centrally located just 4 miles from Alderwood Mall, 2.5 miles to the new Lynnwood light rail station and a block away from QFC. With strong rental demand in Lynnwood and a solid physical condition, this property stands out as an exceptional opportunity with both immediate and future upside potential.