712 N 143rd ST new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98133
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,284 sqft
Price per Sqft $316
Subdivision Seattle
MLS Listing ID 2434366
Style 56 - 10+ Units
Bedrooms 17
Year Built 1983
Annual Tax Amount $27,328
Lot Size 9,962 Sqft
Property Sub-Type Multi Family
Property Description
The Windchime is a 14-Unit Apartment Building ideally situated just 1.5 miles to the Shoreline South/148th St Light Rail Station. This prime asset offers a compelling, high value-add opportunity by increasing rents to market rates and continuing to renovate/upgrade units upon resident turnover. Instant equity and improve the existing 4.27% cap rate to 7.59% by adjusting to market rents and charging for parking, storage & utility bill backs. Thoughtful design and construction enhance the longevity of this enduring multifamily property. The Windchime is a stable, low-maintenance investment poised for both short and long term growth. Unit mix consists of 11 one-bedroom units and 3 two-bedroom units w/ majority of tenants residing 5+ years.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Laminate,Vinyl,Vinyl Plank,Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete,Stucco,Wood,Wood Products
Amenities Available Cable TV,Fenced-Partially,Gated Entry,High Speed Internet,Rooftop Deck
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional