Puget Sound MultiFamily Real Estate Blog

**SOLD**

16-units: solid turn-key investment that has been meticulously cared for. Units offer spacious floor plans w/ large balconies; most updated. Fully occupied w/ quality tenants; upside room in rents. Building features onsite laundry facility, storage, & office. (8)covered parking spaces could be converted to garages or... more units? Sits on (2)lots totaling 18,089 SF; great street appeal; nicely landscaped w/ private courtyard; on a quiet dead-end street. Close to downtown Renton & all amenities.

• 401 Taylor Place NW #1-16, Renton
• Price: $3,350,000

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*SOLD*

Incredible investment opportunity in downtown Everett. 5 unit multi-family building with 7.2% cap rate + new "Urban Mixed" commercial zoning. Tons of development/use opportunities. Well maintained by owner/operator for 18 years, featuring newer roof + insulation & windows. Great location in burgeoning Everett near approved "Riverfront" development. 84 Walkscore, close to Everett Station, freeways. Quality tenants. More photos avail.

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*SOLD*

Condo-quality 6-unit building located in desirable North Seattle. Fully-occupied w/ quality tenants; solid turnkey investment property w/good cashflow & room for upside in rents. Virtually maintenance free; completely remodeled in 2017: updated interiors w/ high-end finishes; new appliance packages; individual w/d, upgraded plumb/elect & more. Also has off-street parking for tenant convenience. Quick access to I-5/99; easy downtown commute.

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*SOLD*

University Place Duplex. Townhome-style units, each with 4 beds, 2.5 baths, individual 2-car garages & private fenced yards. Solid, turn-key investment property with low expense & HIGH INCOME POTENTIAL. Quality built in 1988; Immaculately maintained. Tenants in left unit are month-to-month, right unit is vacant, which makes a great option for an owner-occupant buyer. .37 acre lot on quiet cul-de-sac! Walking distance to parks; close to all amenities.

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Shoreline Fourplex- Condo-quality completely renovated 4-unit building in Shoreline. Meticulously maintained by current ownership for 21 years. Fully-occupied with quality tenants; opportunity for new owner to hold as a turn-key maintenance-free cash flowing asset or convert to SFR townhomes and resale for a large profit. Units are 2bed/1.5bath with washer/dryer, fireplaces, dining rooms & patios. Interiors remodeled in 2018; new electrical panels; roof and windows replaced within the last few years.

priced at $1,775,000

More info:http://www.soundrealtygroup.com/property/1405758/

by Charles Burnett

*SOLD* 

FOURPLEX. 7% current cap rate; easily get to 8% with market rents. FUTURE DEVELOPMENT POTENTIAL: parcel size(.65 Acre) & zoning would allow for 4 additional units to be constructed on the lot. Each unit is 2bed/1bath with balcony/patio, individual storage, & washer/dryers. This is a solid, turn-key investment property; fully occupied & producing good cash-flow! 3/4 units have been completely remodeled with new kitchens/baths/flooring etc. High-demand rental close to fwy access & amenities.

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*SOLD*

University Place Duplex. Townhome-style units, each with 3 beds, 2.5 baths, individual 2-car garages & complete appliance packages. Solid, turn-key investment property with low expense & HIGH INCOME. Quality built in 1988; Immaculately maintained. Fully occupied; currently rented for $1700/unit with room to raise rents. Tenants are month-to-month which makes a great option for an owner-occupant buyer. .33 acre lot corner lot; lots of open space; nice & quiet backyard.

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Priced at $789,000

Two adjacent 4-Plexes on separate parcels sold together. 4-plexes in the area are selling for $500-600K each. This property presents a huge value-add opportunity! (5) units are currently occupied at below-market rents (month-to-month) the rest are vacant and needing cosmetic repairs. All units are approximately 825 SqFt with 2 bedrooms /1 bath, individual washer/dryers and balconies/patios. 1015 could be financed with a conventional loan; 1013 will need to be cash or private equity. For more information on this property, please see our listing. 

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**sold**

4-Plex: 8.35% current cap rate. This is a solid, turn-key property generating huge cashflow ($5,050/month). All units have recently updated interiors with new appliances, fixtures and wood flooring and each has its own washer/dryer. New exterior paint and windows/doors throughout. Off-street parking for 4. Building has been meticulously maintained by same owner for 25 years. High-demand rental close to downtown, shopping, public transit, & quick access to I-5.

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*SOLD*

Immaculate 4-unit located on a quiet cul-de-sac. Quality built in 1991; this is a solid, turn-key property with low expense and HIGH income. Upper units are townhome-style with 3bed/2.5bath w/ attached 2-car garages, lower units are 1bed/1bath. Updated interiors and systems; brand new roof w/ lifetime warranty. Lot zoning/size would allow for 8 units (development potential) and features patios, gardens, and RV Parking.High demand rental within walking distance of future light rail station.

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