8832 Delridge Way SW Unit #A-E, Seattle, WA 98106
Courtesy of Medawar Real Estate
- $1,400,000
- 6,400
- SqFt
- List Price
- $1,400,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2576739
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 2000
- Living Area
- 6,400
- Lot Size
- 9,000
- Acres
- 0.21
- Subdivision
- Westwood
- Neighborhood
- Westwood
- MLS Area Major
- West Seattle
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.
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Additional Information
- Exterior Features
- Wood, Wood Products
- Property Description
- 55 - 5-9 Units
- Flooring
- Laminate, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- Seattle
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