Positioned just blocks from Magnolia’s Discovery Park, on two NC1-40 (M) zoned, 6,000 sf parcels, this 18-unit complex consist of two 1967 constructed buildings. The buildings are centered around a common courtyard and namesake fountain. The unit mix comprises of nine 1-bedroom and nine 2-bedroom units with an average unit size of 735 sf. The units feature individual washers and dryers, stainless steel appliances, undermount sinks, hard surface counters and LVT flooring, and several units have fireplaces. With nearly all units renovated, investors may realize additional upside to be had in rents in this opportunity to acquire 18 units in one Seattle’s most desirable residential neighborhoods.
Listing Office: Lee & Associates Commercial RE.
| Date | Details | Change |
|---|---|---|
| Price Reduced from $6,195,000 to $5,995,000 |
Residential Income
2515 Thorndyke Avenue W, Seattle, WA
MLS® #1936081
Rare Opportunity To Own In The Magnolia Suburb. 13 Unit 2017 Updated Property With An Opportunity To Raise Rents By 26% To Market Rents. The Property Has Been Extremely Well Cared For And Has The Ability To Make Easy Renovations And Raise Rents Further. Onl...
Residential Income
815 3rd Avenue N, Seattle, WA
MLS® #1905837
Flamingo Terrace Is A Classic 1950’s Value-add Apartment Building In The Heart Of Seattle’s Lower Queen Anne Neighborhood. Built In 1955, The Property Features 8 One-bedroom Units And 3 Two-bedroom Units With A Shared Common Laundry Room And 6 Off-street ...
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Listing information last updated on May 24th, 2022 at 7:13am CDT.
