107 Willow Ave, Snohomish, WA
Foundation Group is pleased to exclusively bring to market 107 Willow Ave Apartments, situated in the heart of downtown Snohomish. This is the first time the 11 unit has been available for purchase, being built and held by the original developer since 1986. Current ownership has meticulously maintained the building exterior and grounds but has left most of the interior finishes original; making this a desirable value-add opportunity. These large units are a perfect canvas for significant value-add improvements.
All units have spacious well-designed layouts which are poised for a premium interior update to maximize potential revenue. Additionally, all three-bedroom units have washer dryer hookups and a common laundry room servicing the remaining. Furthermore, adding laundry appliances to the remaining units could
maximize rental increases while creating unused bonus space in the ground floor laundry room. Seasoned investors will see upside in the storage spaces and the opportunity to bill-back tenants with the RUBS system as a significant value-add component.
Located in the coveted Seattle suburb, the City of Snohomish is located on the Snohomish River, southeast of Everett and northwest of Monroe. Snohomish sits at the intersection of US Route 2 & State Route 9. The