Truly a one-of-kind investment/development property in highly sought after W. Seattle area. This rare 6-unit turnkey investment has water views & gorgeous sunsets along with strong cash flow. Located in West Seattle’s highly desirable Gatewood area, the Seaview Terrace Apts is a perfect mix of studios/1-bed/2-bed/3-bed units. Each with own unique floor plan. Four units have been renovated with updated baths, kitchen, stainless app & new floors. W/D in all units except for small non-conforming studio. Very strong occupancy in a high demand rental mkt with room to increase rents to market.
In addition, there is exceptional development opportunity to build 5-townhomes on the parcel. Plans for five 3-bed townhomes with individual garages. Perfect turnkey income property with six units or build five townhomes while maintaining income from existing 6-units. Close to Alki Beach, parks, Seattle College, The Junction, and short commute to downtown Seattle. Near rapid transit, eateries, shopping and much more. Contact LA for more information.