Rainier Beach
9253 51st Avenue S
Seattle, Washington, 98118 United States

Realogics Sotheby's International Realty
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Listing image

9253 51st Avenue S

BUILD NOW, FINAL PERMITS IN HAND! Renovated duplex w/stable cash flow AND fully permitted for two additional townhouses! Located in Opportunity Zone for significant tax benefits. Existing duplex fully renovated. Long term tenants w/no vacancy or turnover in 3 years. Main level unit (A) features 4 BR, 2 BA, kitchen w/ stainless steel appliances, and W/D. Upper unit (B) features 2 BR, 1 BA, kitchen w/ stainless steel appliances & W/D. Additional land in rear of lot; final permits received from city of Seattle to build two 4 bedroom townhomes for substantial value enhancement. Pricing is derived from 6.0% cap rate on existing duplex, plus $100K land value for each townhouse unit. Duplex next door at 9257 51st Ave S (MLS # 1723062) also listed.

Listing Courtesy of Century 21 Northwest
 
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Amenities & Features

  • Listing Details
    • Property ID
      NWM1749015
    • MLS#
      NWM1749015
    • Property type
      Residential Income
    • Marketed By
      Century 21 Northwest
    • Status
      Available
    • Listing Price
      $865,000
    • Subdivision
      Rainier Beach
    • County
      King County
    • School District
      Seattle
    • High School
      Buyer To Verify
    • Elementary School
      Buyer To Verify
  • Utilities & Building
    • Year Built
      1927
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.13