Property Details

9265 57th Ave S

Seattle, WA 98118

$1,699,950

Available

CBA# 700759 courtesy of CBA Listing firm: Berkshire Hathaway Home Services Northwest Real Estate

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Commercial

Property Type

4,590

Bldg Sq Ft

Units

6.00%

Cap Rate

1923

Year Built

Property Overview

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.