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Multifamily

Stilly Valley Center

18308 Smokey Point Blvd, Arlington, WA 98223

Listing Price: Request For Offer

Number of Units
154
Occupancy
94.8%
Gross SF
127,183

Investment Overview

The Stillaguamish Senior Apartments is a collection of 4 buildings, built in 1978, 1989, 1992 the 4th finished in 2006 to be part of the greater Stillaguamish Senior Center (SSC). Residents are restricted by age or handicap, with most of the residents being over 55. Three of the four buildings consist of 112 HUD units, with each resident receiving Section 8 supplemental rent. Considerable upside for experienced PRAC & USDA RD owners looking for value add for older units and rent increases using budget based rent. Some units can be taken out of program and moved to a market rate rent.

Investment Highlights

  • Considerable upside in rents
  • Historically very low vacancy with waiting list for vacant units
  • Senior Activity center nearby

Exclusively Listed By

Multifamily

Stilly Valley Center

Listing Price: Request For Offer

Number of Units
154
Occupancy
94.8%
Gross SF
127,183

Investment Highlights

  • Considerable upside in rents
  • Historically very low vacancy with waiting list for vacant units
  • Senior Activity center nearby

Investment Overview

The Stillaguamish Senior Apartments is a collection of 4 buildings, built in 1978, 1989, 1992 the 4th finished in 2006 to be part of the greater Stillaguamish Senior Center (SSC). Residents are restricted by age or handicap, with most of the residents being over 55. Three of the four buildings consist of 112 HUD units, with each resident receiving Section 8 supplemental rent. Considerable upside for experienced PRAC & USDA RD owners looking for value add for older units and rent increases using budget based rent. Some units can be taken out of program and moved to a market rate rent.

Exclusively Listed By

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