940 103rd Street Seattle, WA 98133 – Cedar Crest Apartments

Cedar Crest Apartments (Status: Pending) 1595000

940, 103rd Street, Seattle, WA  98133

Excellent opportunity to add or start your real estate portfolio with seven (7), 2br 1bth units and one (1), 1br 1 bath unit. Separate laundry room. Property has been well maintained by same owner for many years. Long term tenants with low rents. Updates have been made to the property with the current ownership. All rents need to be raised to market by new ownership. Alley access with parking behind the building. Same floor plan rents range from $950 longest term tenant – $1,500.00 for the most recent lease. With all 2 BR units at $1,500.00 and 1 BR at $970 the building shows a 6.0 CAP rate with 30% expenses.

Listing Details

Asset Class: Multi-Family
Year Built: 1966
Building Total Square Feet: 6000
Available Lease Space Square Feet: 0
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: LR2(M)

Listing Courtesy of: WPI Real Estate Services, Inc.

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.