Truly a one-of-kind investment/development property in highly sought after W. Seattle area. This rare 6-unit turnkey investment has water views & gorgeous sunsets along w/strong cash flow. Located in West Seattle’s Gatewood area, the Seaview Terrace Apts a perfect mix of studios/1-bed/2-bed/3-bed units. Each w/own flr plan. 4 units have been renovated w/updated baths, kitchen, stainless app & new floors. W/D in all units except for small non-conforming studio. Very strong occupancy in a high demand rental mkt w/ room to increase rents to market. Exceptional development opportunity to develop 5-townhomes on the parcel, 3-bed twnhm w/garages, while maintaining income from existing 6-units. Near transit, eateries, shopping and much more.
MLS # | 2347941 |
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Listing Type | For Sale |
Style | Farm or Ranch |
Building Name | Lincoln Beach Add |
Sub-Type | Resale |
Status | Active |
Days On Site | 115 |
Listing Provided By | Venture Real Estate Group LLC | Jamie Langsford |
Zoning | LR3 |
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Acreage | 0.28 |
Property View | Yes |
Property | 18135 |
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State | WA |
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County | King |
City | Seattle |
Zip Code | 98136 |
Area | 140 West Seattle |
Community Name | Lincoln Park |