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Park Ballinger
22906 76th Ave W, Edmonds, WA 98026
- Purchased August 2025
- 75-unit townhome community located in the strong Edmonds submarket
- Currently undergoing strategic renovations to drive rent growth and asset appreciation
- Positioned in a high-demand market with ~98% occupancy
- Significant mark-to-market opportunity, with current average rents at $1,475
- Proven upside demonstrated by renovated/classic units achieving rents of $2,000, highlighting substantial revenue growth potential
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