Looking for an ideal first (or next) turn key rental on a quiet street? This well-managed and maintained rental home is located near UW with easy I-5 and downtown access and it is ready for the next owner/operator. A long history of rental success means future success for you. Current rents are $7,400 with potential upside for fall ‘24. With current rents the CAP rate is 5.75% and could exceed 6% with an annual rent increase. There are 8 generous bedrooms - 3 up, 1 on the main, 4 downstairs - plus 2.5 bathrooms to easily accommodate groups. There are 3+ off-street parking spots in the back. The home sits on a 4,687 SF NR3 zoned lot so potential awaits a creative new owner. Many system & appliance updates have been done throughout the home....
8 Beds
1 Full, 1 Partial Baths
2,910 ft2
4,687 ft2
Details
General
Stories
Bedrooms
8
Bathrooms
1 full, 1 partial
Square footage
2,910 sq. ft.
Lot size
4,687 sq. ft.
Pool
No
Year built
1911
Other
Type
House
Listing information
MLS #
NWM2232146
APN
2862100821
Listing provided by
Adam Hestad, COMPASS
Attribution Contact
+12063300314
Status
Sold
Location
Neighborhood
University District
County
King
5010 8th Ave NE, Seattle, WA 98105
Dear Buyers!
We write letters to homeowners in neighborhoods that interest you to uncover homeowners who are
planning to sell soon. This way you can get ahead of the curve with an early preview. If you'd like us
to write letters for you, click the button below to input your preferences so we target the right homes
on your behalf.