Located in Edmonds, WA, this 3-story, 37-unit residential apartment building features a mix of one-bedroom, two-bedroom and three-bedroom units. The previous ownership group had owned and self-managed the property for 25+ years, creating a unique opportunity to renovate the units and reposition the asset. The value-add scope includes renovation of the units, common areas, and property amenities, including upgrades to the outdoor landscaped seating area and the security / entry system.

Conveniently located at the intersection of Edmonds and Lynnwood, Olympic West Apartments is just minutes from the Edmonds Bowl, Alderwood Mall, and the Lynnwood light rail station. Further, the property provides easy access to Highway 99 and I-5 for commuting, as well as easy access to many suburban amenities including highly-rated schools, multiple grocery stores, and more. All units feature large unit sizes with in-unit washers and dryers with an ideal mix of 15 one bedrooms, 12 two bedrooms, and 10 three bedrooms.