4226 7th Ave NE - Apartments FOR SALE


Seattle, WA 98105- University District
$3,280,000 USD
206-773-9828
4226 7th Ave NE, Seattle, WA for Sale
$3,280,000 USD
Apartments - FOR SALE
1/25
null | 4.33% Cap Rate

4226 7th Ave NE
Seattle, WA 98105
University District


HIGHLIGHTS

  • Multi-family building in the heart of University District!
  • Great Development opportunity.
  • Zoned to midrise, up to 80 feet. No parking requirement.
  • 5000 sqft Lot
  • Fast growing area
  • 8 unit + 7 parkings

OVERVIEW

Multi-family building in the heart of University District! Great Development opportunity. Zoned to midrise, up to 80 feet. Imagine New building rising up on this 5,000 sqft lot. Fast growing area. This property presents 7 rentable units/7 parking spaces, currently generating impressive $15,120/m rental income. Super convenient location. Walking distance to UW. Close to I-5 express line entrance. Easy access to Downtown, SLU, Northgate & Eastside. Bus & LightRail nearby. All rented, hardly any vacancy. Each unit has two bedroom one bath, washer/dryer inside, except unit 7 is a stand alone one bdrm cottage, remodeled recently. Investors will benefit from a diverse resident pool of students and young professionals. Newer roof. Well-maintained.

FOR SALE DETAILS

PRICE

$3,280,000 USD

PRICE/SF

$781 USD /SF

# OF UNITS

8

PRICE/UNIT

$410,000

CAP RATE

4.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

MR(M1), Seattle

APN/PARCEL ID

409230-1005

ASK ABOUT THIS PROPERTY

Tingting ChenGlobenex RealtyMore Info
206-773-9828

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Tingting ChenGlobenex RealtyMore Info
206-773-9828

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