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Abbey Apartments

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Abbey Apartments

7919 Wallingford Ave N, Seattle, WA 98103
Multi-Family For Sale Pending Cap Rate 4.34% Built 1969 3 floors Zoning: LR3 (M)
Asking Price
$3,250,000
Total Building8,800 SF
Land8,318 SF land
Parking Total14
& Uncov.
MarketGreenlake
CountyKing

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Contact the Muljat Team about this listing.

Overview

Property ID
298675
Listing ID
701986
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3 (M)

Description

We are pleased to announce for sale the Abbey Apartments; an 11-unit, value-add building in a remarkable Green Lake location. Located just a parcel away from the north shore of Green Lake, the property has been owned and cared for by the same family that had it built and offers an investor the rare opportunity to acquire a high-quality asset with immediate income upside and value-add opportunity. The property features 7 - one-bedroom/one-bath units, 3 - two-bedroom/one bath units, and a spacious (1,400 SqFt) three-bedroom/two-bath penthouse. With an average unit size of 800 SqFt, residents enjoy generous living space in each home and units appeal to a wide range of renters. There is common laundry on-site with one of the two-bedroom units having its own in-unit washer and dryer, proving

Listing Courtesy of:

RI
Ryan Iles
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
State: WA City: Seattle ZIP: 98103 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.