8116 Delridge Way SW, Seattle, WA 98106

$3,174,000

Listing courtesy of John L. Scott, Inc..

List Price
$3,174,000
Status
ACTIVE
MLS#
1788590
Days on Market
7
Style
55 - 5-9 Units
Area Total SqFt
4400
Lot Size (sq ft)
6,051

Property Description

ACTUAL CAP RATE OF 5.1% AND POTENTIAL TO ADD 2 ADDITIONAL UNITS! Wonderful investment opportunity in this well maintained 8 unit rental consisting of 2-triplexes and a duplex (8116, 8118 and 8120 Delridge) on separate tax parcels.Hot West Seattle Rental Market allows you to Enjoy great cash flow as is or continue to create significant equity and upside by increasing rents to market rents in 8118 building and/or addiing 2 additional units (buyer to verify with city). Steady tenants and low historical vacancy make this the perfect investment to add to or start a rental portfolio. Seller prefers to sell all three together but open to individual building sales. Please do not drive onto property or disturb tenants.

Additional Information

List Date
2021-06-08 00:00:00
Community
Delridge
Potential Terms
Cash Out, Conventional
Year Built
2010
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Partially
School District
Seattle
Total Monthly Income
$16,750
Tax Year
2020
Total Expenses
$28,930
Cap Rate
5
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