***Do not disturb tenants in any way. They are unaware of the sale.*** Stevens Court is a turnkey 18 unit apartment property in desirable Edmonds, just a half block from Edmonds Swedish Campus and near a variety of neighborhood amenities. The property is well maintained and boasts desirable features including copper piping, a new roof, ample parking, common laundry, and partial or complete renovations to all but 2 units. With assumable fixed financing at a 4.08% interest rate, and priced just under $260,000 per unit, the cash-on-cash return should be in the 4 to 5% range, and combined with the asset's likely potential for upside, Steven Court is an exceptional acquisition.
Current Location
