5952 Fauntleroy Way SW, Seattle, WA 98136

Property Description

Terrific opportunity to acquire a well-maintained triplex in a prime West Seattle location.  Built in 1996 and in great condition with terrific curb appeal.  Attractive terraced landscaping.  All units sit above the street for added privacy. All 3 units have been updated and are in good condition. All are spacious and have open concept floorplans.  Top floor unit is 2 bed/2 bath, one has 2 bed/1 bath, and one is 1 bed/1 bath, for a total of 2850 +/- sq ft of living space.  Each unit has a dishwasher, washer, and dryer.  4 parking spaces in the alley, plus plenty of street parking out front. Excellent tenant occupancy.  Rents total $6405/month and are below market, creating ability to improve on current CAP rate of 4.7%.  Rent increase notice delivered 9/1/2026 (5%).  Fairmount Park neighborhood is centrally located. Morgan and Alaska junctions are nearby.  Close to shops, restaurants, parks, and schools.  Beautiful Lincoln Park and the Fauntleroy ferry are minutes away.  Great public transportation out front and great access to downtown Seattle.  Truly an ideal investment opportunity.  Live in one unit and rent out two or just capitalize on this amazing opportunity!