9265 57th Avenue Seattle, Washington
Listed By CENTURY 21 North Homes Realty
The Commercial Property for Sale located at Seattle, Washington is currently for sale. Seattle, Washington is listed for $1,799,888. If the property located at Seattle, Washington isn't what you're looking for, visit https://www.century21global.com to see other Commercial Properties for Sale in Seattle .
Date Updated : Jan 24, 2025
MLS#: 2324823
$1,799,888 USD
Property features
Construction details
- Year built: 1923
- Roofing: composition/shingle
Description
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!