9265 57th Ave S - Apartments FOR SALE


Seattle, WA 98118- Rainier Beach
$1,799,950 USD
425-453-9100
9265 57th Ave S, Seattle, WA for Sale
$1,799,950 USD
Apartments - FOR SALE
1/14
null | 6.7% Cap Rate

9265 57th Ave S
Seattle, WA 98118
Rainier Beach


HIGHLIGHTS

  • Fully leased 7-unit complex with strong in-place income
  • Located in Rainier Beach near Lake Washington with partial views
  • Zoned NC155(M) with redevelopment potential and LIHTC eligibility
  • Coin-op laundry adds supplemental income

OVERVIEW

Investment opportunity near Lake Washington with peek-a-boo lake views. This 7 Unit complex is consistently occupied with steady income features (4) 2bed/1bath + (3) 1bed/1bath. Currently monthly rental income=$12,200/mo + additional Coin-Op laundry generating $300-$400/mo. Sits on 0.11AC lot w/ 6 tandem spots & park up to 12 cars. Tons of potential with upside in rents. Zoned NC155(M) w/ future potential for redevelopment with increased density + LIHTC. Located in one of the most diverse neighborhoods in the City with local favorites like Jude's & Red Wing Cafe across the street. New businesses and MF housing popping-up around the neighborhood.

FOR SALE DETAILS

PRICE

$1,799,950 USD

PRICE/SF

$392 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,136

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,842 SF

ZONING

NC1-55

APN/PARCEL ID

712930-4700

ASK ABOUT THIS PROPERTY

Martin HoBerkshire Hathaway Northwest Real EstateMore Info
425-453-9100

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Martin HoBerkshire Hathaway Northwest Real EstateMore Info
425-453-9100

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