List Search

3447 23rd Ave W

Seattle, WA 98199

$1,350,000

Apartments For Sale  •  3,555 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 3,555 Sq Ft
  • Lot Size 0.16 ac
  • Year Built 1967
  • Cap Rate 4.72 %
  • Zoning LR1(M)
48 Transit Score
66 Walk Score

Description

Magnolia Triplex featuring spectacular East facing views of Interbay and Queen Anne. This rare opportunity offers a newly renovated, turnkey investment including vinyl plank flooring, tile countertops and refinished cabinets. 3 spacious 1,185 SF 2BD/1.5BTH units with large decks attached to each unit. Potential exists to add 1 - 2 units or build townhomes. The property is zoned for a total of 5 units.

Highlights

Spacious 1,185 square foot 2 bed/1.5 bath units
2018 renovation
Three car garage plus four carport spaces
Potential to add 1 - 2 units
Potention to redevelop, zoned for up to 5 units
Great owner-user opportunity

Property Flyers

Financial Summary (Actual)

Net Operating Income: $63,715 (2018)
Cap Rate: 4.72 %

Amenities

  • Dishwasher
  • Granite Countertops
  • Hardwood Floors
  • Views
  • Deck

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station Commuter Rail (Sounder South Line) 17 min - 5.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International Airport 28 min - 16.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: AttachedGarage
Included in Rent: Yes
Brian Platt 206-623-8880 Paragon Real Estate Advisors
Brian Platt 206-623-8880 Paragon Real Estate Advisors