8836 SW 9th Avenue Seattle, WA 98106
8836 SW 9th Avenue
Seattle, WA 98106
$1,150,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value in an asset that's poised for growth in the future. The subject is in the path of progress as two new townhome developments were built and sold in the last few years. This street is attracting capital and a new investor can catch this wave.
Property Features
Community: Highland Park
4-Plex
Deck
Fenced-Fully
Fenced-Partially
Patio
Exterior: Stucco
Roof: Torch Down
Year Built: 1980
2022 Taxes: $8231.00
Listing #: 2145946
Lot Details
Lot Size: 0.11 acres
No. of Units: 4
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Thermal Windows
Schools
District: Seattle
Elem: Highland Park
High: Sealth High
Call or Email:
Grace Wamwere
What's Near 8836 SW 9th Avenue Seattle, WA 98106?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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