$1,150,000
SW 9th Avenue, Seattle, 98106
8836 SW 9th Avenue , Seattle, WA 98106
A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value in an asset that's poised for growth in the future. The subject is in the path of progress as two new townhome developments were built and sold in the last few years. This street is attracting capital and a new investor can catch this wave.
Listing Courtesy of
Blake Investment Advisors
Source Northwest MLS
Media
- Photos
PROPERTY DETAILS
- Mls Id2145946
- StatusActive
- AreaHighland Park
- FlooringVinyl Plank
- CarportNo
- CitySeattle
- CountyKing
- Exterior FeaturesStucco
- FireplaceNo
- High School DistrictSeattle
- Living Area0 Square Feet
- Lot Acres0.1051
- Lot Square Feet4580
- New ConstructionNo
- Zip Code98106
- Property TypeMulti-Family
- RoofTorch Down
- SewerAvailable
- WaterfrontNo
- Year Built1980
- Checked For Updates2024-05-14 14:01:42 PDT
Based on information submitted to the MLS GRID as of 2024-05-14 14:01:42 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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