8100 Delridge Way SW - Apartments FOR SALE


Seattle, WA 98106- South Delridge
$975,000 USD
425-444-6501
8100 Delridge Way SW, Seattle, WA for Sale
$975,000 USD
Apartments - FOR SALE
1/37
null | 2.92% Cap Rate

8100 Delridge Way SW
Seattle, WA 98106
South Delridge


HIGHLIGHTS

  • Convenient West Seattle location
  • All large 2-bedroom units
  • 1981 construction – Owned by original builder, first time on the market
  • New siding, windows, roof, insulation, and water line
  • All units have full sized washer/dryer and new hot water tanks
  • Large decks and multiple closets

OVERVIEW

Conveniently located in West Seattle, residents of the 8100 Delridge Way SW triplex enjoy close proximity to an abundance of community amenities. Parks, shopping, beaches, and many other opportunities are accessible via four bus lines, including the RapidRide H line, within a 10-minute walk. These routes offer service to several Seattle neighborhoods - Alaska Junction, Arbor Heights, Downtown Seattle, Gatewood, and Westwood Village - as well as to Burien, Tukwila, and White Center. Additionally, the Fauntleroy Ferry Terminal, providing service to Southworth and Vashon Island, is less than 2 miles away. Recreational venues in the vicinity are plentiful and include Lincoln Park and its saltwater pool and bathhouse, the volleyball courts of Alki Beach, Thistle Street Greenspace with its walking trail and community garden, the ball fields and pickleball/tennis courts at the Nino Cantu Southwest Athletic Complex, A.T. Milo Park with its play equipment, the ball fields and spraypark at Highland Park, and Roxhill Park with its skate park, playground, soccer fields, ball fields, and trails. Food options within a 10-minute drive include Cajun, Chinese, Hawaiian, Indian, Italian, Japanese, Lao, Mexican, Native American, Salvadorean, South American, and Vietnamese, as well as coffee shops, fast casual chains, and cocktail, sports, and beer bars. Built in 1981 by the current owner, 8100 Delridge Way SW is on the market for the first time and is comprised of three large 2-bedroom units. Unit 1 is ±900 square feet and boasts a second bathroom and a spacious walk-in closet. Units 2 and 3 are approximately 850 square feet and offer double closets. All three units feature large decks overlooking a greenbelt, full-size in-unit laundry machines, new hot water tanks, ample closet space, and use of the shared backyard. The property is meticulously maintained. Updates within the last 4 years include new windows, siding, roof, insulation, steps, rails, landings, and water line. In addition there are 3 off-street parking spaces. Although profitable in its current operations, 8100 Delridge Way SW offers new ownership the likely potential for significant income upside. Simply by raising rents to market levels and by implementing a utility bill-back system, income can potentially be raised upwards of 30%. With its convenient location, desirable features, and likely value-add potential, 8100 Delridge Way SW is an appealing asset for an owner/occupant or multifamily investor.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

3

PRICE/UNIT

$325,000

CAP RATE

2.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,966 SF

ZONING

LR1 (M)

APN/PARCEL ID

430270-0146

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

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