Bought with Raven Commercial Real Estate
$2,080,000
$2,100,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
5454 Fauntleroy AVE SW Seattle, WA 98136
11 Beds
10.5 Baths
6,110 SqFt
Key Details
Sold Price $2,080,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,110 sqft
Price per Sqft $340
Subdivision Fairmount
MLS Listing ID 2288342
Sold Date 10/04/24
Style 56 - 10+ Units
Bedrooms 11
Year Built 1987
Annual Tax Amount $20,910
Lot Size 6,237 Sqft
Property Description
Findlay Court is a meticulously maintained 10-unit apartment building located in the heart of the vibrant West Seattle neighborhood. With a strong history of diligent care under the current ownership for the past 25 years, this property offers both stability and potential for immediate rent growth. Rents are currently about 25% below market in current unit conditions presenting a significant opportunity to increase rents and improve cash flow.
Location
State WA
County King
Area 140 - West Seattle
Interior
Fireplace Yes
Exterior
Exterior Feature Stucco
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157