A fantastic opportunity to acquire this well-maintained, Mid Century 8-unit apartment bldg in the heart of Wallingford. With below-market rents, this property offers significant upside potential for investors looking to add value. Building offers updated, easy-to-rent 1 bedroom units~100% occupied! Each unit has a private entrance along the south-side veranda, overlooking mature landscaping for added privacy. Additional features: newer double pane windows, hardwd floors, updated baths, onsite laundry, parking, 4.8% cap rate, and LR2-M zoning for future development. Thoughtfully self-managed w/careful attention to maintenance & tenant satisfaction. Plus, a 94 Walk Score:schools, cafes, parks & of course UW. Solid asset with growth potential!
Property Map
GPS is accurate, just South of 45th on Corliss, West side of street. Do not disturb tenants.
Listing # Courtesy of Brian E. Lavery of RE/MAX Northwest. Last Updated: October 12, 2024.
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