9265 57th Avenue Seattle, WA 98118
Multi-Family
MLS #: 2324823
Listed By CENTURY 21 North Homes Realty
Property InformationDescription
Now offered at a newly improved price of $1,799,888, this 7-unit apartment building is a prime income-generating opportunity. With a 2% vacancy rate, 6.19% cap rate, and $12,125 in total monthly income, you'll enjoy a robust $111,500 net operating income. The unit mix includes four 2-bed/1-bath and three 1-bed/1-bath units, with some featuring partial Lake Washington views. Tenants benefit from nearby grocery stores, local dining, coffee shops, auto parts stores, and easy access to Seward Park-all within close proximity. With a 12.71 Gross Rent Multiplier and potential for additional income streams, this property is a solid long-term investment. Don't miss out on this cash-flowing gem-the perfect addition to your portfolio!
Features
- Building Area: 4590.00 SF
- Cross Docks: N
- Exterior: Sidewalk
- Exterior Description: Brick
- Flooring: Wall to Wall Carpet
- Flooring: Laminate
- For Auction: N
- Location Name: 380 - Southeast Seattle
- Lot Size In Text: 0.1085 Acres
- MLSID: 2324823
- Parking Places: 0
- Price Per Area: 392.13
- Price Upon Request: N
- Roof: Composition Shingle
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $11837.00
- Water: Municipal Water
- Year Built: 1923
