Lorraine Apartments (Status: Available) 3450000

2236, Franklin Ave, Seattle, WA  98102

We are excited to present the Lorraine 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 and a separate single house and garage. With well below market rents, the new owner can immediately realize a rental income increase by up to 25% without any extra work. Additionally, seller financing is available. The investor also has the option to acquire the adjacent property, Vista View (#290220-0700) which is under the same ownership, together. The combined lo

Listing Details

Asset Class: Multi-Family
Year Built: 1901
Building Total Square Feet: 6730
Available Lease Space Square Feet: 6730
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: LR3(M)

Listing Courtesy of: Sea To Sky Realty

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.