3422 21st Avenue, Seattle WA

Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.