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1634 SW 114th St 4 Unit Apartment Building $986,388 ($246,597/Unit) 6% Cap Rate Seattle, WA 98146
INVESTMENT HIGHLIGHTS
- Three 1-bedroom units plus one 2-bedroom unit
- Recent upgrades include new gutters and exterior paint
- Basement laundry and dedicated washer/dryer in 2-bedroom unit
- One vacant unit ideal for owner-occupancy or lease-up
- Private fenced outdoor area and ample front parking
- Favorable commercial zoning with 6% CAP Rate
EXECUTIVE SUMMARY
Great value with this 4 plex in a nice and convenient area. Three 1 bedroom units and one 2 bedroom unit. One unit is vacant, great for owner-occupied or new owner can lease out. The apartment building has been lovingly taken care of for many years (owners lived in the 2 bedroom unit). Storage units, washer and dryer in basement (2 bedroom unit has it's own washer and dryer). All new gutters installed and exterior paint. Nice (newer) fenced outdoor area too. Ample parking in front of the building and in front of the basement. Very favorable commercial zoning for many options. Great starter investment with 6% CAP Rate, or ideal for owner-occupied.
PROPERTY FACTS
| Price | $986,388 | Apartment Style | Low-Rise |
| Price Per Unit | $246,597 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6% | Building Size | 2,648 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.27/1,000 SF |
| Zoning | CC-2 | ||
| Price | $986,388 |
| Price Per Unit | $246,597 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 2,648 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | CC-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 159160-0647 | Improvements Assessment | $618,600 |
| Land Assessment | $188,400 | Total Assessment | $807,000 |
PROPERTY TAXES
Parcel Number
159160-0647
Land Assessment
$188,400
Improvements Assessment
$618,600
Total Assessment
$807,000
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1634 SW 114th St
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