Listed by Paragon Real Estate Advisors
$1,400,000
West Seattle Triplex
Details
APN 762570-2786
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,090
Units 3
Cap Rate 5.22%
NOI $73,090
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $81,640
Year Built 1968
Buildings 1
Stories 3
Lot Size (SqFt) 4,400
Zoning LR2 (M)
Parking Spaces 4 spaces
Investment Type Stabilized
Multifamily | 3 Units | $466,667/unit
Investment highlights
• Located in West Seattle’s Fauntleroy neighborhood
• Triplex – originally built in 1968 (recently fully remodeled)
• All 2-bedroom, 1.75-bath units – 1,030 square feet
• Updated units feature
- New countertops
- Cabinets
- LVP flooring
- Updated fixtures
- Stainless steel appliances
• Washer/dryer in units
• Private decks
• Wood frame construction
• Updated flat roof and exterior paint
• Double pane vinyl windows
• 4 on-site parking spaces
• 4,400 square foot lot – zoned LR2 (M)
• Easy access to public transportation lines
• Close to bars, restaurants, grocery stores and all other West Seattle amenities
Listing Contacts
Listed by Paragon Real Estate Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$73,090.00
$6,090.83/mo
Valuation Metrics
0
DSCR
5.22%
Cap Rate
5.22%
ROI
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