NAI Puget Sound Properties is pleased to present a rare opportunity to acquire a South Lake Union MF 4-Plex with Value- Add investment upside in adding townhome units or re-developing property to high density multifamily project. The property is currently an existing 4-plex with light and spacious living units, surface parking for all tenants, and onsite storage units in lower level. The property is located in Seattle's desirable South Lake Union tech-sector neighborhood in the North Cascade District. This property is one of the few remaining residential development parcels in the South Lake Union area. Short term leases allow an investor/developer to perfect the rent roll to maximize cash flow during land banking prior to commencing construction on a value-add plan or re-development plan. Investment Highlights: Offering Price: $1,490,000 Use all or part of property and existing 4-plex for residential, office, and/or retail uses. A unique opportunity to acquire a small investment/development parcel in the desirable South Lake Union area. Land Bank while operating 4-Plex with plan for future redevelopment. Value-Add by retaining 4-Plex and potentially adding up to 3 townhomes on surface parking area. Redevelop site with 6 townhome units. Redevelop site with multifamily units. Property Highlights: Building Size: 4,107 Building Type: 2½ stories above full lower level. Parking: Currently 5 on-site surface parking stalls. Land Area: 3,600 SF Zoning: SM-SLU/R65/95 (No FAR development restrictions and wide variety of uses allowed. Current Use: Multifamily 4-Plex Parcel Tax ID: 2467400155