380 - Southeast Seattle
$1,799,888
9265 57th Avenue, Seattle, WA 98118
4,590 sqft
Building Size
0.1085 acres
Lot Area
Details:
Highlights:
- Annual Tax: $ 11837.0
- Exterior: Sidewalk
- Exterior Description: Brick
- Flooring: Wall to Wall Carpet
- Roof: Composition Shingle
- Water: Municipal Water
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!
Documents:
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Location
Gallery
