$3,450,000
Vista View
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 672094
2232 Franklin Ave E
Seattle, WA 98102

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Commercial Property

Marketing Description:

Sea to Sky Realty is excited to present the Vista View apartment complex located in the vibrant East Lake neighborhood. Just minutes north of South Lake Union, the location offers quick access to major highways, public transportations, Amazon headquarters and the fast-growing number of tech companies in the surrounding area. Sitting on a large 6,600sf LR3 lot with expansion potential, the property consists of an eight-unit apartment building offering a mix of studio, one-bedroom units and parking spaces. With well below market rents, the new owner can immediately realize a rental income increase by up to 25% without any extra work. The zoning allows townhomes to be built on the parking space without affecting the existing apartment building. Seller financing is available.The investor has

Land Features:

  • Lot Size: 6534 SqFt
  • Lot Acreage: 0.15 Acres
  • Zoning: LR3(M)

Building Features:

  • Building Size: 6216 SqFt
  • Available Space: 5616 SqFt
  • Number of Floors: 3
  • Cap Rate: 2.21%
  • Construction: Wood
  • Year Built: 1963
This Listing Supplied Courtesy of Sea To Sky Realty
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity