32
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Listed by:Medawar Real Estate • Chris Medawar
$1,400,000
Est. payment /mo
12 Beds
12 Baths
6,400 SqFt
New
8832 Delridge WAY SW #A-E Seattle, WA 98106
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $218
Subdivision Westwood
MLS Listing ID 2576739
Style 55 - 5-9 Units
Bedrooms 12
Year Built 2000
Annual Tax Amount $21,037
Lot Size 9,000 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire two side-by-side triplexes in Seattle's Delridge/Westwood neighborhood, offered together as a 6-unit, 6,400 SF portfolio. Built in 2000, all six units are spacious 2 Bed/1.5 Bath townhome-style residences (approx. 1,067 SF each) with individual electric baseboard heat and in-unit fireplaces. Current rents sit well below market, creating compelling upside: current cap rate of approximately 4.7%, growing to approximately 7% at market rents (avg. $2,095/unit). Off-street parking, low-maintenance landscaping, and steps to the RapidRide H Line. Zoned LR2 (M) on a combined 9,000 SF lot. Opportunity for 20%-25% down payment as residential financing.
Location
State WA
County King
Area 140 - West Seattle
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Patio
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, See Remarks
Listing Terms Cash, Conventional, FHA, See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOL & BUSINESS
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