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.
$2,350,000 Seattle, 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.

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