8836 9TH AVE SW
SEATTLE, WA 98106
$1,150,000
0 Beds
0 Baths
2,696 Sq Ft
Status Active
MLS# 2145946
A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value in an asset that's poised for growth in the future. The subject is in the path of progress as two new townhome developments were built and sold in the last few years. This street is attracting capital and a new investor can catch this wave.
Details for 8836 9TH AVE SW
Built in 1980
$427 / Sq Ft
5 parking spaces
None
Baseboard
No Info
0.1051 acres lot
Area Information for 8836 9TH AVE SW
