Description
Located across the street from Ravenna Park, the Parkside features 7 large 1 & 2 bedroom units averaging 700 sf. Originally constructed in 1954 on a 7,197 sf LR3RC (M) zone lot, Parkside received updates over the years including a tile roof replacement, vinyl window replacements, and a newer boiler and central hot water systems. Current onsite parking is available for seven vehicles. Perfectly situated near, work, school and play, The Parkside Apartments offers investors the opportunity to acquire a stabilized asset with the ability to increase performance in the near term by recapturing significant loss-to-lease from below market rents. Additional lift can be achieved by implementing a full value-add program and renovating the units.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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4,900SQFT
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$327$/SQFT
Listing Courtesy of Lee & Associates Commercial Re: 206-624-2424.Description
Located across the street from Ravenna Park, the Parkside features 7 large 1 & 2 bedroom units averaging 700 sf. Originally constructed in 1954 on a 7,197 sf LR3RC (M) zone lot, Parkside received updates over the years including a tile roof replacement, vinyl window replacements, and a newer boiler and central hot water systems. Current onsite parking is available for seven vehicles. Perfectly situated near, work, school and play, The Parkside Apartments offers investors the opportunity to acquire a stabilized asset with the ability to increase performance in the near term by recapturing significant loss-to-lease from below market rents. Additional lift can be achieved by implementing a full value-add program and renovating the units.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-04T09:14:18.69. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-02-04T09:14:18.69. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.