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Edgene Apartments

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Edgene Apartments

403 E Thomas St, Seattle, WA 98102
Multi-Family For Sale Available Cap Rate 4.89% Built 1966 3 floors Zoning: MR(M)
Asking Price
$2,800,000
Total Building9,828 SF
Available9,828 SF avail
Land4,241 SF land
Parking Total11
& Uncov.
MarketCapitol Hill/First Hill
CountyKing

Read Overview
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Overview

Property ID
112665
Listing ID
709365
Type
Multi-Family
Asset Class
Multi-Family
Zoning
MR(M)

Description

Convenient Capitol Hill location; a Walker’s Paradise walk score of 95 7.0% market cap rate is likely with little renovation required Walkable to Downtown, South Lake Union, restaurants, light rail, and shops Excellent unit mix 4 two-beds, 4 one-beds, and a studio Owner occupant opportunity: Large ±1,200-SF view penthouse unit with 2 bedrooms plus a den and one-and-a-half bathrooms Downtown and Space Needle views from upper floors 9 off-street and 2 garage parking spaces Updated dual-pane windows, in-unit laundry and dishwashers in all units other than the studio, elevator Well maintained property Rent upside – parking & utility bill-back Alternate exit strategy & upside of easy condo conversion: Condo documents already in place with 12 parcels (1 for land, 2 for parking, and 9 f

Listing Courtesy of:

DS
Dan Swanson
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Seattle ZIP: 98102 Type: For Sale

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