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Seattle,WA 98118
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,590 sqft
Price per Sqft $392
Subdivision Rainier Beach
MLS Listing ID 2415531
Style 55 - 5-9 Units
Bedrooms 11
Year Built 1923
Annual Tax Amount $11,604
Lot Size 4,725 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County King
Area 380 - Southeast Seattle
Interior
Flooring Laminate,Vinyl,Carpet
Exterior
Exterior Feature Brick,Wood,Wood Products
Amenities Available Cable TV,Gas Available
View Y/N Yes
View Lake,Partial,Territorial
Roof Type Flat,Torch Down
Building
Lot Description Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional