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Listing courtesy of NWMLS / Blake Investment Advisors
8836 SW 9th Avenue
Seattle, WA 98106
–
beds
–
baths
2,696
sqft
4,580
sqft lot
$426
per sqft
1980
build
–
on site
A value-add opportunity to acquire a partially renovated 4plex in the West Seattle neighborhood, Highland Park. The subject consists of two one bed and two two-bedroom apartments. The one beds were fully renovated in 2023 and achieved a 42% rent increase. The same upside is available for the two beds, a $60K renovation budget will produce a $703 increase in rent per unit, delivering a 28% return on investment in the first year. This is an excellent opportunity for an astute investor to create value in an asset that's poised for growth in the future. The subject is in the path of progress as two new townhome developments were built and sold in the last few years. This street is attracting capital and a new investor can catch this wave.
Listing courtesy of NWMLS / Blake Investment Advisors
Last checked:
Checking…
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Last updated Apr 9, 2024
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MLS# 2145946 —
The Building
Year Built:
1980
New Construction:
false
Structure Type:
Quadruplex
Exterior Features:
Stucco
Roof:
Torch Down
Units In Building Total:
4
# of Units Total:
4
Stories Total:
2
Building Area Total:
2696
Building Area Units:
Square Feet
Calculated SqFt:
2696
Green Energy Efficient:
Thermal Windows
Interior
Flooring:
Vinyl Plank
Fireplace:
false
Financial & Terms
Possession:
Closing
Location
Latitude:
47.52352
Longitude:
-122.346357
Directions:
The property is on the fourth parcel on 9th Ave, just east of Westcrest Park.
The Property
Property Type:
Residential Income
Property Subtype:
Multi-Family
Property Condition:
Good
Parcel Number:
7750500010
Lot Size Units:
Square Feet
Lot Size Acres:
0.1051
Lot Size SqFt:
4580
Lot Size Source:
Public Records
View:
false
Waterfront:
false
Irrigation Water Rights:
false
Listing Agent
Contact info:
Agent phone:
(206) 618-2207
Office phone:
(206) 618-2207
Taxes
Tax Year:
2022
Tax Annual Amount:
8231
The Listing
Special Listing Conditions:
None
Buyer's Brokerage Compensation:
2.5%
Heating & Cooling
Cooling:
false
Heating:
true
Cooling:
None
Heating:
Baseboard
Utilities
Sewer:
Available
Water Sewer Garbage:
5970
Schools
Elementary School:
Highland Park
High School:
Sealth High
High School District:
Seattle
The Community
Subdivision Name:
Highland Park
Amenities:
Thermal Windows
Senior Community:
false
Association:
false
Parking
Parking Total:
5
Parking Uncovered Spaces:
5
Open Parking:
true
Open Parking Spaces:
5
Carport:
false
Listing courtesy of NWMLS / Blake Investment Advisors
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
3/18/24
Mar 18, 2024
Relisted
NWMLS
$1,150,000
3/7/24
Mar 7, 2024
Pending
NWMLS
$1,150,000
8/1/23
Aug 1, 2023
Listed / Active
NWMLS
$1,150,000
291.6% (31.0% / YR)
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No additional history available
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This multifamily located in West Seattle, Seattle, WA 98106 is currently for sale for $1,150,000. 8836 SW 9th Avenue is a 2,696 square foot multifamily with – beds and – baths that has been on Estately for 279 days. 8836 SW 9th Avenue is in the West Seattle neighborhood of Seattle and has a WalkScore® of 53, making it somewhat walkable. This multifamily is in the attendance area of Highland Park Elementary School, Chief Sealth International School, and Denny International School.
Listing courtesy of NWMLS / Blake Investment Advisors
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Disclaimer: The information contained in this listing has not been verified by Blake Investment Advisors and should be verified by the buyer.
Checking…
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Last updated Apr 9, 2024
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