3901 Martin Luther King Jr Way S, Seattle, WA 98108
Active
3901 Martin Luther King Jr Way S, Seattle, WA 98108
Courtesy of: Ian Brown | Westlake Associates, Inc.
$2,350,000Seattle, WA 98108
0.15 Acres
King County
Key Features
MLS ID: NWM2006391
Year Build: 1963
Status: Active
Property Type: Residential Income
Area: 385 - SODO/Beacon Hill
Exterior: ["Brick"]
Address: 3901 Martin Luther King Jr Way S, Seattle, WA 98108
City: Seattle
State: WA
Zip: 98108
County: King
Description
Empire Flats is a fully renovated 9-unit building conveniently located blocks from Mt Baker Light Rail Station. This is an excellent opportunity for an investor as most of the renovations have been completed and the buyer simply needs to raise rent/income. Comparable rents nearby show that there is room to raise rents significantly without additional upgrades. Empire Flats has spacious units that have been updated throughout with new cabinetry, quartz counters, and stainless appliances. The modernized apartments also have desirable LVP flooring and in-unit laundry. The low maintenance building has a newer roof and exterior paint. There are plans to covert the existing laundry area to a 10th unit (buyer to verify).
Property Map
From Seattle, take I-5 S to Rainier Ave S. Take exit 3 from I-90 E. Driving S on Rainier Ave S, turn right onto Martin Luther King Jr Way S. Property is on the right.
Listing #131302938 Courtesy of Ian Brown of Westlake Associates, Inc.. Last Updated: October 14, 2022.
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