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Listed by: Dan Swanson | Kidder Mathews
Sold Nov 30, 2021
$2,950,000
1-10 - 518 43rd Street, Seattle WA
beds
baths
6,750sq ft
$437/sq ft
7 days on rennie12 cumulative days on market
1853559MLS ®
Located on a corner lot in Seattle’s desirable Fremont neighborhood, the Sunnyside Apartments is a value-add apartment community featuring seller financing (to a qualified buyer) and priced at less than $300,000 per unit. With an excellent unit mix of nine one-bedroom units and one three-bedroom unit, the Sunnyside offers tenants spacious open floor plans, ample closet space, and views from select units. While profitable in its current operations, a new operator could likely achieve income upside of approximately 11% with turnover and basic unit remodels. With a more robust value-add strategy that includes updating cabinets and flooring, income could possibly be increased by even more.
property details
Residential IncomeProperty type | |||
1963Year built | |||
7,500 ft²Lot area SF | |||
$24,149Taxes 2021 | |||
CityViews | |||
Corner Lot, PavedFeatures included | |||
Area | Fremont | ||
Sub area | Fremont | ||
Listed by | Kidder Mathews | ||
rennie last checked | September 06, 2024 at 03:28pm | ||
Last updated | September 05, 2024 at 12:49pm | ||
Cumulative days on market | 12 days | ||
Closed Date | November 30, 2021 | ||
Source | NWMLS, MLS # 1853559 |