Size Upon Req.$120,000
Income / Business
Well established business with loyal neighborhood clientele. Maximize income potential as owner operated store. Great selection of beer & wine are favorites for customers. Only store in the area within walking distance form a large community of residential/apartment community. Huge potential for the right owner!! Forced sale due to health reasons.
16 Unit Shangri LA North Seattle Apartment Building, Walking distance to Lake Washington and 15 minutes from the University of Washington Seattle and Bothell Campus. Rents below market value, higher cap rate easily obtainable, King County building in appreciating area, Low Maintenance, turn key, one owner for over 17 years, double pane windows, low flow toilets, new roof 2007,storage for tenants and ample parking, bus line, walk to town, great rental market, good unit mix, never vacant. Utility bill back Effective 10/1/14 additional 10-$12,110.00 To income annually. Market Rents: Upside potential for rental increases immediate upon closing. studio: $725.00 One Bedroom-$825 2 bedroom-$945
Prime multi-family development site. 23,000+ SF parcel with frontage on both 19th and 20th Ave. zoned NC240. Urban village overlay and frequent transit corridor. Wonderful high demand rental area. Good access to employment centers and amenities. This is a highly desirable urban environment location. The land has a slight grade from East to West.
9 Townhouse Apartments with Views of the Olympic Mountains, Lake Union and Seattle/Bellevue Skylines. 3 Main Street Retail/Office/Residential Suites. Secure Parking. Town home Apartments feature two Master Bedroom Suites each with a full bath and generous closet space. Decks adjoin Living Room and some Bedroom levels. Washer/Dryer and pantry closet in each Town home Apartment. Great Investment. Under Market Rents create the potential for more Income!
Perfect space for an individual professional. Commercial Condo Space on ground floor with individual entrance. Located conveniently by Northgate with easy access to I-5. Unit completely remodeled in 2004 with new electric panel, commercial grade carpet, tile, paint, blinds and light fixtures. Building is well maintained with new windows, siding, and was re-roofed in 2008. Buyer to verify square footage and zoning uses.
- Fantastic Fremont location - Pride of ownership property - Upside in rents. Currents are at $1.57 NRSF - Newer roof
Very clean 1994 built Mixed use building in North Seattle's Maple Leaf neighborhood. Building sits on west side of Lake City Way. Great street and parking access for retail tenants. High historical occupancy. Current rent is $1.29 NRSF. Market Cap Rate of 6.30% based on most recent turnover of apartment units (no renovation). Great in place cap rate with ascending rents. Priced at $191 NRSF. 40 Car Parking garage + parking lot.
Built in the roaring 20' s these are sister buildings located on a corner lot with commanding southerly views. Each building is 3 stories, with a basement and 8 car parking garage. In addition to the garages there are 13 open stalls behind the building. 4 units per floor resulting in each unit being a corner unit with great light and views. The basement houses 1 studio unit as well as a laundry room and 2 large unused areas. Updated plumbing & electrical with tenant paid baseboard heat and common central electric hot water. Units feature hardwood floors, kitchens with eating areas, coved ceilings, large closets and tile bathrooms. Both buildings have intercom entry with a central foyer. The laundry room is located in the basement of the Los Altos and includes two sets of machines.
The property has had many updates and improvements with select units being remodeled. Several of the units have dishwashers and their own washer and dryers installed. Units have electric heat and feature hardwood floors. Common laundry room and basement area for storage. There is approximately 1,000 SF of basement space. Large parking lot in the back. This corner lot is zoned L-2 with approximately 7,900 SF of land. L-2 zoning allows per the City of Seattle DPD a 2 to 3-story lowrise apartment building or townhouses with a density limit of one unit per 1,200 SF of lot area and a maximum of 40% lot coverage (50% for townhouses). This is an excellent apartment investment that a Buyer can have a pride of ownership property white enjoying good cash flow and appreciation.
Units feature hardwood floors, tile kitchens and bathrooms, vinyl windows, as well as new plumbing and circuit breakers. Other amenities include intercom entry, free high-speed Wi-Fi, and common-area laundry room. Additionally, there are seven parking garages and additional tenant storage throughout the building with room for an additional unit. The roof, common area carpets and domestic hot water heating system have been replaced in the last 10 years. The Chelan is in excellent condition and has been updated and carefully restored over the last 15 years to its former glory. Since 1935, the Chelan has only been held by two ownership groups, representing a very rare opportunity for a buyer to purchase a property etched in Seattle' s history.