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Parkside Townhomes

3207, Smokey Point Dr, Arlington, WA 98223
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Description

Parkside Townhomes (Status: Pending)

3207, Smokey Point Dr, Arlington, WA  98223

Parkside Apartments in Arlington for sale. The building was built in 1976 and is comprised of (24) 2×1 townhome units located in 6 buildings with 4 units each. There is a 7th building that has common coin laundry. 6 of the 7 buildings have roofs that were recently replaced.
This is a value-add opportunity with strong in-place cash flow that is located less than a mile from the brand-new Amazon distribution center that is set to open in 2022. Current NOI underwrites to $282,000. An investor could slightly re-position the asset and continue to stabilize rents at the current proven rents of $1595, or could undertake a more extensive renovation. Rents and occupancy in Arlington were not only resilient during the pandemic but thrived.

Listing Details

Asset Class: Multi-Family
Year Built: 1976
Building Total Square Feet: 21600
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information:

CBA

Listing Courtesy of: Westlake Associates, Inc.

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

  • Address: 3207, Smokey Point Dr, Arlington, WA 98223
  • City: Arlington
  • State/county: WA
  • Zip/Postal Code: 98223
  • Neighborhood: Arlington/Marysville/Stanwood
  • Country: United States

Detail

Updated on September 20, 2021 at 8:28 pm

  • Property ID: 643117
  • Property Size: 21600 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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