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2409 SW Findlay St

1 Unit Apartment Building $849,000 ($849,000/Unit) 9.03% Cap Rate Seattle, WA 98106

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Investment Highlights

Fantastic Location
Value Investment

Huge Development Potential

Executive Summary

Opportunity knocks, multiple options for development with instant income generation. Remodeled in 2000, currently setup with a 2 bed 1 bath upper unit, and a 1 bed 1 bath lower unit equipped with separate kitchens, their own washer & dryer, and private entrances. Nearby to future Light Rail extension, Alki beach, Restaurants, West Seattle Junction, Shopping and Parks! Capitalize on this perfectly located property zoned NC2P55 allowing for a wide range of development options. Great investment property, with it commercially zoned develop and build commercial units on the bottom, and apartments on the top.

Property Facts

Price	$849,000	Apartment Style	Single Family Home
Price Per Unit	$849,000	Building Class	C
Sale Type	Investment	Lot Size	0.11 AC
Cap Rate	9.03%	Building Size	1,560 SF
No. Units	1	Average Occupancy	50%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory	Year Built/Renovated	1927/2000

Price	$849,000
Price Per Unit	$849,000
Sale Type	Investment
Cap Rate	9.03%
No. Units	1
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Apartment Style	Single Family Home
Building Class	C
Lot Size	0.11 AC
Building Size	1,560 SF
Average Occupancy	50%
No. Stories	2
Year Built/Renovated	1927/2000