Description
Cash-flowing 4-plex located less than a block from the light rail! Building is fully occupied by long-term tenants, has a walk score of 91, and pro-forma cap rate of 5% making it an excellent opportunity for investors. It is conveniently located near Columbia & Hillman City, freeway entrances, light rail & bus stations. This allows for the new owner to raise the rent to market value without additional upgrades. On-site coin operated laundry adds additional income of $1,200/year. New exterior paint and siding was completed in 2021. All appliances are included (stove, dishwasher, and refrigerator in every unit + 1 set of coin-op laundry machines). Property is fully fenced with 4 off-street parking spots located behind the building.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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2,200SQFT
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$500$/SQFT
Listing information ©2023 Northwest MLS. Listing courtesy of Vip International R/E Group.
Sold by .Description
Cash-flowing 4-plex located less than a block from the light rail! Building is fully occupied by long-term tenants, has a walk score of 91, and pro-forma cap rate of 5% making it an excellent opportunity for investors. It is conveniently located near Columbia & Hillman City, freeway entrances, light rail & bus stations. This allows for the new owner to raise the rent to market value without additional upgrades. On-site coin operated laundry adds additional income of $1,200/year. New exterior paint and siding was completed in 2021. All appliances are included (stove, dishwasher, and refrigerator in every unit + 1 set of coin-op laundry machines). Property is fully fenced with 4 off-street parking spots located behind the building.
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 2023-03-23T10:14:21.493. 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 2023-03-23T10:14:21.493. 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.