Listing courtesy of WPI Real Estate Services, Inc.
$2,000,000
Rare opportunity to own a well-maintained six-unit apartment building in the heart of Capitol Hill, one of Seattle's most sought-after rental neighborhoods. With a Walk Score of 91 (Walker's Paradise), residents are steps from Broadway, 15th Ave E, Cal Anderson Park, the light rail station, and some of the city's… Read More best dining and nightlife. The building offers a versatile unit mix: 1 studio, 2 one-bedrooms, and 3 two-bedrooms. Five of the six units feature private balconies or patios, and Unit #6 boasts a Space Needle view. Unit #2 and #6 have been completely renovated, showcasing the finish level achievable across the remaining units as they turn. Designed for low-maintenance ownership, the building features exterior unit access with minimal common area to maintain, durable Marblecrete siding, and updated double-pane windows throughout. 5 on-site parking spaces are a premium amenity in this dense urban neighborhood. Long-term tenants provide stable income. Parking and utilities are presently included in rent, giving the next owner a clear path to increase revenue through separate parking fees and utility billing, in addition to rent increases. A solid, easy-to-operate asset in an A+ location with multiple value-add levers. Ideal for an investor seeking durable cash flow with meaningful upside. Read Less
Listing courtesy of WPI Real Estate Services, Inc.
Listing Snapshot
Cumulative Days On Market
26
Days on Website
26
Last Updated
Property Type
Multi Family
Square Ft.
5,269
Lot Size
0.11 Acres
Year Built
1967
Property Tax
$19,424
MLS Number
2582746
Additional Details
Building
Built in 1967, Built in 1992 (effective), 3 stories, Construction Materials: Cement, Stucco
Cooling
None
Expenses
Insurance: $6,815, Other Expense: $38,133
Exterior Features
Cement/Concrete, Stucco
Floors
Ceramic Tile, Hardwood
Foundation
Poured Concrete
Heating
Wall Furnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $147,180, Net Operating Income: $67,530
Lot
0.1149 acres, Curbs, Paved, Sidewalk
Parking
4 carport spaces, 4 covered spaces, 5 total parking spaces
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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