936 N 198th Street in Shoreline
| Listing ID: | 2573588 (Multi-Family) |
|---|---|
| Listing Price: | $2,700,000 |
| Days on Market: | 36 |
Details | |
| Bed / Bath: | 0.00 / 0.00 |
| Lot Size: | 0.41 acre (17,761 sqft) |
The Encore Apartments offers a new investor a great value add opportunity in a landlord friendly city. A new investor over time can also renovate units upon turnover and modernize each unit with stainless steel appliances, granite/quartz counters, new cabinets etc. In current condition, a new investor can raise rents and get this building to a 7.18% CAP Rate. Excellent value-add opportunity. All 12 units are Two-Bed/One-Bath units averaging about 700 square feet each. Ample open parking available on site that has been re-paved and re-striped. Building has updated electrical panels and a newer TPO roof. Coin-operated common laundry available. Conveniently located in Shoreline, property has easy access to Rapid Ride Transit, Highway 99, Interstate-5, and the 185th Street Light Rail Station.
This listing is provided courtesy of NWMLS.
Listing Broker: Westlake Associates, Inc.; David W Petersen.
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