Well-maintained 4 unit in the heart of Seattle’s highly sought-after Capitol Hill neighborhood. The property consists of a 2B/1B, two 1B/1B, and a non-conforming studio. The LR3 zoning allows for the studio unit to be legalized and the lot has long-term redevelopment potential. Gross Monthly Income: $6,560 (Rental Income $6,250 + Laundry Inc. $50 + Utility Bill Back $260). The fully occupied building is at 5.01% cap on current and trending towards over a 6% cap rate w/ light updates. Off-street parking & commuting is a dream - only 5 blocks from the Cap Hill LightRail Station!
Current Location
