(Off Market) Seattle Multi-Family Building for Sale

Multi-Family | For Sale | 8,628 sqft

This 9 unit building is located in one of Seattle's strongest, most vibrant rental markets. The property is on the northeast corner of Greenlake, within a couple blocks of the lake, Greenlake Park, retail shopping and restaurants. This is a highly desirable area to live on the tenant side as well as ownership side. The Greenlake 9 Unit is comprised of 5 Two-Bed units and 4 Three-Bed units. The complex is composed of a converted single family residence (built in the 1930's) into a triplex with six units attached by means of a 1984 addition.

Sales Info:
■ Cap rate: 3.7%
■ Commision split: 50.0%
■ NOI: $68,542

Location Description:
This 9 unit building is located in one of Seattle's strongest, most vibrant rental markets. The property is on the northeast corner of Greenlake, within a couple blocks of the lake, Greenlake Park, retail shopping and restaurants. This is a highly desirable area to live on the tenant side as well as ownership side. The Greenlake 9 Unit is comprised of 5 Two-Bed units and 4 Three-Bed units. The complex is composed of a converted single family residence (built in the 1930's) into a triplex with six units attached by means of a 1984 addition.

Highlights:
■ One of Seattle's strongest rental markets
■ Blocks from the Lake, Greenlake Park, Food/Shops