Value-Add Snohomish County Fourplexes

JLL, as an exclusive advisor, is pleased to present the outstanding opportunity to acquire 18510 Blueberry Lane (“the Property”), located in Monroe, WA and 2 apartment properties, 6003 Broadway and 3722 Oakes Ave (each, “the Property,” together, “the Properties”), located in Everett.

Built in 1987, 18510 Blueberry Lane is a 4-unit apartment property consisting of 2-bedroom 1-bathroom units. 3 of the 4 units have been renovated, and the entire building has been re-piped. Renovations include new paint, new luxury vinyl plank flooring, new fixtures, new baseboards, new mini blinds throughout and new range. Each unit has access to one carport parking space and one small storage unit. Two large storage units and two garages are also available for rent. Just a 3-minute drive from downtown Monroe, the Property has been exceptionally well-maintained, positioning it as a standout asset in a desirable market.

Located along the picturesque Skykomish River, the Property is proximate to Monroe’s bustling downtown corridor as well as the demand drivers of Everett, downtown Seattle, and Seattle’s Eastside. The Property benefits from over 1.8 million square feet of retail within a 1.5 mile radius and is adjacent to the Evergreen State Fairgrounds, drawing over 330,000 visitors each year for the annual 12-day event.

18510 Blueberry Lane represents a compelling investment opportunity, offering a combination of reliable cash flow and rental upside. The Property’s diligent upkeep resulting in its excellent condition makes it a standout asset in the Snohomish market.

6003 Broadway, built in 1987, is a 4-unit property consisting of 2-bedroom 1-bathroom units. 3722 Oakes Ave, built in 1901, is a 4-unit property consisting of two studios and two 2-bedroom one-bathroom units. Situated in the heart of Everett, these well-maintained Properties offer future ownership an attractive cash flow opportunity in a high-growth market.

Located in the bustling core of Everett, residents at the Properties enjoy suburban living with convenient access to Everett’s major economic drivers, led by the Boeing Company. Residents at the Properties are also close to a variety of retail and entertainment options. Just a short drive from downtown Everett and the Everett Mall, residents can easily access 4 million square feet of retail within Everett CBD.

Everett High School and Jackson Elementary School are also easily accessible from the Properties. 6003 Broadway and 3722 Oakes Ave represent an excellent opportunity for investors seeking both reliable cash flow and the potential for continued rent growth at two well-maintained properties in a thriving area of Snohomish County.