411 28th Ave S - Multi-Family FOR SALE


Seattle, WA 98144- Leschi
$975,000 USD
206-812-9123
411 28th Ave S, Seattle, WA for Sale
$975,000 USD
Multi-Family - FOR SALE
1/5
null | 6.45% Cap Rate

411 28th Ave S
Seattle, WA 98144
Leschi


HIGHLIGHTS

  • All 1BD/1BTH – 700 SF units
  • Current CAP rate of 6.5%
  • Fully renovated in 2017
  • Centrally located in Leschi
  • Full size W/D in each unit
  • 3 off-street parking spaces

OVERVIEW

The Leschi Four-Unit (two non-conforming units) is located at 411 28th Ave S in Seattle’s desirable Leschi neighborhood. Originally built as a fourplex and converted to a duplex in 1975, the property has been fully occupied as a fourplex since the current owner’s purchase in 2017. All four 1-bedroom, 1-bath units (approximately 700 SF each) underwent full renovations in 2017, giving new ownership the opportunity to acquire a stabilized asset with modern finishes in a strong rental location. Each unit is outfitted with hard-surface countertops, hardwood-style flooring, updated cabinetry, gas ranges, and full-size washer and dryers.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

6.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leschi Four Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,400 SF

ZONING

RSL (M)

APN/PARCEL ID

374050-0085

ASK ABOUT THIS PROPERTY

Michael UrquhartParagon Real Estate AdvisorsMore Info
206-812-9123

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Michael UrquhartParagon Real Estate AdvisorsMore Info
206-812-9123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.