Canyon Crest Apartments

Canyon Crest Apartments (Status: Available)

9045, Canyon Dr, Kent, WA  98030

We are pleased to announce the exclusive listing of the Canyon Crest Apartments. Seller financing is available as a financing option to purchase this property. Current ownership has improved operations over the past 24 months, but rents are still below market and a value-add opportunity exists to fully renovate the units and lift rents higher. The Canyon Crest has seen extensive updates during the last 12 months, with over $160,000 spent on improvements. 6 of the 9 units have been updated with LVP flooring, new appliances, bathroom remodels, and paint. All the electrical panels have been replaced during the process as well. The unit mix of the 9 units is 4 – 1-bed/1-bath units and 5 – 2-bed/1-bath units. Exterior improvements include the installation of a brand-new membrane roof, fresh

Listing Details

Asset Class: Multi-Family
Year Built: 1957
Building Total Square Feet: 8863
Available Lease Space Square Feet: 6271
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: MR-D

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.