3036 4th Ave W
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3036 4th Ave W
6 Unit Block of Flats £1,564,900 (£260,817/Unit) 3.66% Net Initial Yield Seattle, WA 98119
Investment Highlights
- Well Maintained Asset in Prime Queen Anne Location
- Over 50% rental upside through strategic improvements and operation efficiencies
- Seller Financing Available for qualified investors
Executive Summary
Prime value-add opportunity with Seller Financing available - in highly sought-after Queen Anne neighborhood.
Well-maintained 6-unit multifamily property comprised of a Fourplex built in 1990 and a Duplex built in 1962. Versatile unit mix of 1 and 2-bedroom apartments. Property includes 6 garages and features a common laundry area for convenience.
Strong investment potential, with the ability to increase rental income by approximately 57% through strategic renovations. Upside also includes the ability to implement utility billbacks and charge for 3 owner-occupied garages. Zoned MIO-37-LR1, this multifamily asset also provides the option for future development, including the potential to add two townhomes or row houses while keeping the existing Fourplex (buyer to verify).
Attractive seller financing is available for qualified investors. Proposed terms are 25% down, 5% interest-only payments, and a 5-year balloon term. This is a rare opportunity to acquire a pride-of-ownership asset in
one of Seattle's most desirable neighborhoods.
Well-maintained 6-unit multifamily property comprised of a Fourplex built in 1990 and a Duplex built in 1962. Versatile unit mix of 1 and 2-bedroom apartments. Property includes 6 garages and features a common laundry area for convenience.
Strong investment potential, with the ability to increase rental income by approximately 57% through strategic renovations. Upside also includes the ability to implement utility billbacks and charge for 3 owner-occupied garages. Zoned MIO-37-LR1, this multifamily asset also provides the option for future development, including the potential to add two townhomes or row houses while keeping the existing Fourplex (buyer to verify).
Attractive seller financing is available for qualified investors. Proposed terms are 25% down, 5% interest-only payments, and a 5-year balloon term. This is a rare opportunity to acquire a pride-of-ownership asset in
one of Seattle's most desirable neighborhoods.
Property Facts
| Price | £1,564,900 | Apartment Style | Townhome |
| Price Per Unit | £260,817 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 3.66% | Building Size | 4,750 SF |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Price | £1,564,900 |
| Price Per Unit | £260,817 |
| Sale Type | Investment |
| Net Initial Yield | 3.66% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,750 SF |
| Number of Floors | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.26/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 890000-0130 | Improvements Assessment | £351,555 |
| Land Assessment | £1,103,020 | Total Assessment | £1,454,575 |
PROPERTY TAXES
Parcel Number
890000-0130
Land Assessment
£1,103,020
Improvements Assessment
£351,555
Total Assessment
£1,454,575
zoning
| Zoning Code | MIO-37-LR1 (Major Institution Overlay 37, Lowrise 1) |
| MIO-37-LR1 (Major Institution Overlay 37, Lowrise 1) |
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3036 4th Ave W
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