8821 35th Ave SW | Seattle, WA 98126
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- LoopNet Team
8821 35th Ave SW
Seattle, WA 98126
West Seattle 5 · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Seller Financing – 25% Down Payment, 5% Interest-Only, 5-year term
- 9.4% Cash on Cash return on renovations ($150k Budget)
- Proposed zoning of LR3 - future development potential
- Operational value-add to billback for utilities, storage, and parking
- Units are in classic, well-maintained condition presenting renovation value-add potential
- 5 storage areas and 5 off-street parking spaces
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 3,730 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | NR3 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,730 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1/1,000 SF |
| Zoning | NR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,335 | 600 |
| 2+1 | 3 | $1,683 | 660 |
PROPERTY TAXES
| Parcel Number | 249120-0100 | Improvements Assessment | $831,100 |
| Land Assessment | $229,900 | Total Assessment | $1,061,000 |
PROPERTY TAXES
Parcel Number
249120-0100
Land Assessment
$229,900
Improvements Assessment
$831,100
Total Assessment
$1,061,000
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