Property Details

403 E Thomas St

Seattle, WA 98102

$2,800,000

Available

CBA# 709365 courtesy of CBA Listing firm: Kidder Mathews

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 403 E Thomas St, Seattle, MLS# 709365

Commercial

Property Type

9,828

Bldg Sq Ft

Units

5.00%

Cap Rate

1966

Year Built

Property Overview

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 for units)