4318 35Th Ave Seattle, WA 98199
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- R J Graphics Llc / Graphic Designer
Property Details for 4318 35Th Ave
- Year built
- 1986
- Lot size
- 0.17 lot acres
- Property type
- Commercial real estate
- APN
- 423540-1094
Description
This 6-unit apartment building, located at 4318 35th Ave W, Seattle, WA 98199, presents a compelling value-add investment opportunity. Built in 1986, this three-story building boasts 5,174 square feet of net rentable space on a 0.17-acre lot (APN 423540-1094). The property features a desirable 1:1 parking ratio within a secured access building. Each unit includes a washer/dryer and private balcony overlooking a quiet ravine. The large units are known for their high-quality construction. Currently zoned LR3 RC (M), this property offers significant upside potential with the opportunity to increase rents by 15-17% on turnover with minimal updates. The asking price is $1,950,000, representing a $325,000 price per unit and a 3.00% cap rate. This is a rare chance to acquire a well-maintained building from the original builder in a highly sought-after Seattle neighborhood. The building's strong foundation and desirable features make it an ideal investment for those seeking immediate cash flow and long-term appreciation. The property's location provides easy access to various amenities and transportation options. This is a unique opportunity to capitalize on the strong Seattle rental market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.4022109
- Latitude
- 47.6592525
