4526 S Henderson St, Seattle, WA, 98118
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Property Details
8
7
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 8 • Bathrooms: 7 • Square Feet: 4358 • Lot/Size: 5,715 sqft lot
Description: The property is positioned just south of Columbia City and within the broader Rainier Valley submarket, served by the Sound Transit Link light rail and direct bus access to downtown Seattle. The offering is an operational value-add opportunity. The asset has been updated over the years and does not require a large capital investment to perform. Current scheduled rents sit below market and the property does not currently bill back utilities to tenants. A new ownership group can grow income through natural lease turnover and the implementation of a utility recapture program, lifting NOI from $58,979 to $73,386 without renovation expense. The Henderson 7-Unit is priced at $1,100,000, or $157,1
Location
Address
4526 S Henderson St, Seattle, WA, 98118
City
Seattle
Features and Finishes
Year Built: 1978; [object Object]; [object Object]; [object Object]
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