MLS #2434366 / Listing provided by NWMLS & The Preview Group.
$3,260,000
712 N 143rd Street
Seattle,
WA
98133
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 11
- Uncovered Parking Spaces: 6
- Open Parking Spaces: 6
Structure
- Roof: Flat
- Exterior Features: Cement/Concrete, Stucco, Wood, Wood Products
- Foundation: Poured Concrete, Slab
Lot Details
- Lot Features: Curbs, Paved, Sidewalk
- Acres: 0.2287
- Foundation: Poured Concrete, Slab
Schools
- High School District: Seattle
Lot Details
- Lot Features: Curbs, Paved, Sidewalk
- Acres: 0.2287
- Foundation: Poured Concrete, Slab
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 15183.82
Lori Jenkins
Broker | REALTOR®
Send Lori Jenkins an email