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9265 57th Avenue S

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9265 57th Avenue S

9265 57th Ave S, Seattle, WA 98118
Multi-Family For Sale Available Cap Rate 6.88% Built 1923 2 floors Zoning: NC1-55(M)
Asking Price
$1,699,950
Total Building4,590 SF
Available4,590 SF avail
Land4,792 SF land
ConstructionWood
MarketS. Seattle
CountyKing

Read Overview
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Overview

Property ID
135264
Listing ID
700759
Type
Multi-Family
Asset Class
Multi-Family
Zoning
NC1-55(M)

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.

Listing Courtesy of:

JH
Joseph Ho
Berkshire Hathaway Home Services Northwest Real Estate
930 SW 152nd St.,
Burien, WA 98166
State: WA City: Seattle ZIP: 98118 Type: For Sale

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