6042 Fauntleroy Way SW - Apartments FOR SALE


Seattle, WA 98136- Fairmount Park
$1,995,000 USD
206-812-9123
6042 Fauntleroy Way SW, Seattle, WA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/14
null | 4.73% Cap Rate

6042 Fauntleroy Way SW
Seattle, WA 98136
Fairmount Park


HIGHLIGHTS

  • Low maintenance 6 unit building
  • Attractive West Seattle location
  • Private washer/dryer for each unit
  • 1989 Construction
  • 2BD/2BTH units averaging 904 SF
  • Multiple value-add opportunities

OVERVIEW

Well-maintained, six-unit property features spacious 2BD/2BTH units that include private decks. All units are outfitted with full appliance packages, including dishwashers, ranges, refrigerators, garbage disposals, and in-unit washers and dryers. Units are in clean, rentable condition as-is, providing strong in-place income with considerable room for growth. There is significant value-add potential through interior cosmetic renovations and further upside through the implementation of utility bill-backs, parking charges, and pet rent. With its large floorplans, core location, and multiple layers of rental upside, Harbor Vista represents an excellent opportunity for investors seeking both immediate cash flow and long-term growth.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,500

CAP RATE

4.73%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Vista

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LR2 (M)

APN/PARCEL ID

762570-2920

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.