Columbia Apartments – Marysville, WA

Columbia Apartments #692015
Status: Pending
Given the significant changes in the market following the end of the eviction moratorium in 2023, the financial data from that year is no longer indicative of the property’s current situation.Since then, we have successfully addressed nonpayment issues and fully occupied the property. To provide a more accurate forecast, I recommend utilizing a T-3 statement from the past months rather than relying on the 12-month statement from 2024. The property also started utilizing utility buy backs mid-year to add extra income to the property.It’s also important to note that most of the units are currently under market rent. Should we adjust all units to market rates, as we did in the proforma, the property has a great income potential.Please let me know if you would like to discuss this furthe

Listing Courtesy of: John L. Scott – Mukilteo – Jesi Williams (#35433)

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.