Description
Fabulous, well-maintained apartment building in a rapidly improving and appreciating area of south Seattle. Located in South of Columbia City - a historic landmark of Seattle, the property is benefiting from substantial development and growth in the area including the Light Rail project, Holly and Rainier Vista new construction, Columbia City park improvement. The property is on a major Metro Bus line, minutes to downtown Seattle and short distance to Seward Park.
A great opportunity for investors, property managers or developers, this building can continue to generate income or can be converted into condo for sale.
Current zoning is L3, possible commercial use in the future (buyers to verify with the City), two houses South of the property are used as commercial stores. Some neighbor lots are being purchased by developers for new town home development.
Effectively built in 1978, the building has 3,736 sqft, three stories, wood frame structure and stucco exterior siding. The lot is 4, 871 sqft, level, rectangular and well positioned in the corner of Rainier and Warsaw street.
The building has 6 units, all are corner units with spacious floorplans, and most have double pane windows. 5 units with 1 bedroom (over 600 sqft each) and a studio with about 500 sqft. Each unit has a well-maintained kitchen and a full bath.
The building has been upgraded last year with new carpeting, new water-saving toilets, plumbing fixtures, appliances, etc. Building also has a storage room, laundry room with Coin-operated washer and dryer, 11 parking spaces and a good-size sideyard which can be professionally designed into garden space.
This building is almost self managed with low maintenance. All units are currently rented by long-term tenants.
Owner Contact: (206)619-6647 or alinhnguyen@yahoo.com
Website: http://PacificDreamHome.com
