A fantastic opportunity to acquire this well-maintained, Mid Century 8-unit apartment bldg in the heart of Wallingford. With below-market rents, this property offers significant upside potential for investors looking to add value. Building offers updated, easy-to-rent 1 bedroom units~100% occupied! Each unit has a private entrance along the south-side veranda, overlooking mature landscaping. Additional features: newer dble pane windows, hardwd flrs, updated baths, onsite W/D, 5.04% cap rate; LR2-M zoning. Roof & sewer line replaced in 2014, Storage for each unit plus owners storage room. Self-managed w/careful attention to maintenance & tenant satisfaction. 94 Walk Score: schools, cafes, parks & of course UW. Solid asset w/growth potential!
MLS# | 2295711 |
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Listing Type | For Sale |
Style | Town House |
Building Name | Baltimore Addition |
Sub-Type | Resale |
Status | Pending |
Year | 1958 |
Days On Site | 170 |
Listing Provided By | RE/MAX Northwest | Brian E. Lavery |
SQ Feet | 4,190 |
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Story(s) | 2 |
Units | 8 |
Acreage | 0.13 |
Property View | Yes |
State | WA |
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County | King |
City | Seattle |
Zip Code | 98103 |
Area | 705 Ballard | Greenlake |
Community Name | Wallingford |
School District | Seattle |
Listing VS Median (In Wallingford) | |
Price: $1,899,000 low | high Med: $998,000 SqFt: 4,190 low | high Med: 1,322 $ / SqFt: $453 low | high Med: $755 On site: 170 low | high Med: 159.000000 |