5208 21st Avenue NE, Seattle, WA 98105

$1,725,000

Listing courtesy of Lee & Associates Commercial RE.

List Price
$1,725,000
Status
ACTIVE
MLS#
1761092
Days on Market
52
Style
54 - 4-Plex
Building Condition
Good
Area Total SqFt
4352
Lot Size (sq ft)
5,050

Property Description

Troy Apts is nestled on a residential street just south of Ravenna Park. Unique 1970’s building w a mansard roof consists of four 2 bed, 1.5 bath units. Avg over 1,000 sf in size, each spacious unit feats. private patio & balcony spaces, hard-surface parkay flooring, updated appliances & finishes. Add'l amenities incl off-street & covered parking & coin-op laundry. The top floor unit includes a bonus sunroom/office space, proven to be attractive for work-from-home setups. The building’s proximity to the UW, U-Village, UW Medicine and Seattle Children’s Hospital attracts a high-quality & stable tenant base. These well-maintained & spacious units are fully leased, providing investors a turn-key opportunity w future rent upside possibilities

Additional Information

List Date
2021-04-21 00:00:00
Community
Ravenna
Potential Terms
Cash Out, Conventional
Year Built
1973
View
Mountain(s), Territorial
Roof
Flat
Site Features
Deck, Patio
School District
Seattle
Elementary School
Laurelhurst
Middle School
Eckstein Mid
High School
Roosevelt High
Total Monthly Income
$8,212
Tax Year
2021
Total Expenses
$23,587
Cap Rate
4
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