Newly remodeled 4-plex features major upgrades including a new roof, updated electrical and plumbing systems, and in-unit washer and dryer in each unit. 3 units have been tastefully renovated, while 1 unit remains in its original condition. Over $350,000 in recent upgrades ensure a low-maintenance investment, while the property brings in strong rental income at ~ $9,500/month with ~7.8% cap rate. Zoned LR2(M) on a large lot, ideal for future development. Blocks from the Seattle Public Library, Rainier Beach, light rail, grocery stores, and restaurants. Seller is offering a year home warranty. Seller financing is available if purchased with the next door 4-plex.
Listing Provided Courtesy of Lindsey Mai, Skyline Properties, Inc.
General Information
NWM2373665
Multi Family
32
DOM
5998.21 SqFt
3740
1958
King
Residential Incom
Multi Family
Listing Provided Courtesy of Lindsey Mai, Skyline Properties, Inc.
Krishna Realty data last checked: Jun 07, 2025 21:07 | Listing last modified Jun 04, 2025 23:36,
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Residence Information
3740
Composition
54 - 4-Plex
1958
Poured Concrete
Features and Utilities
Ceramic Tile, Laminate
Brick, Wood
Public
Sewer Connected
0
Financial
8323
Cash Out, Conventional, FHA, Owner Financing, VA Loan
05-09-2025
Comparable Information
32
32
Cash Out, Conventional, FHA, Owner Financing, VA Loan
Newly remodeled 4-plex features major upgrades including a new roof, updated electrical and plumbing systems, and in-unit washer and dryer in each unit. 3 units have been tastefully renovated, while 1 unit remains in its original condition. Over $350,000 in recent upgrades ensure a low-maintenance investment, while the property brings in strong rental income at ~ $9,500/month with ~7.8% cap rate. Zoned LR2(M) on a large lot, ideal for future development. Blocks from the Seattle Public Library, Rainier Beach, light rail, grocery stores, and restaurants. Seller is offering a year home warranty. Seller financing is available if purchased with the next door 4-plex.
