Updated, well kept 8 unit apartment complex on the southside of Capitol Hill. This historic building has an effective year built of 1994 yet maintains its old world charm. The complex consists of (6) 1bd/1ba, 2 studios, an unrented bonus unit recently used as an owner's closet, a basement with two sets of w/d and 7 off-street parking spots. Several of the units are two stories high and many units have their own balcony or porch. Lots of updates to plumbing, sewer, electrical and foundation over the years. The units and the building are all in good shape. The large 7,200sf lot combined with a hedged front yard provide plenty of private, outdoor space. Offered at a 4.3% CAP. Raising rents to market and renting bonus room take it to 5.6% CAP.
|--||New Value: $2,500,000|
|2/20/2023 11:01:25 AM||New Value: $2,500,000|
|1/26/2023 12:34:00 PM||New Value: $2,625,000|
This property search is part of the Meridian Valley Realty website. Listing information is courtesy of the WA-NWMLS and Meridian Valley Realty. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2023. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.