Wallingford X is a 25-unit multifamily property (18 studios, 7 - 1 bedroom/1 bathroom) perched above the vibrant and highly sought-after Wallingford neighborhood. The units feature lake, city, and territorial views that charms tenants and keeps the property at high occupancy. The asset is fully occupied for the next 4 years with 4% annual increases. Each unit offered fully furnished was renovated with brand new flooring, new hardware, fixtures, and trim, and the owners installed new kitchens & kitchenettes. Wallingford X represents a strong value-add investment with its current rents providing steady cash-flow and opportunity for significant upside from market rents and future redevelopment of up to 66 SEDU or 77 congregate housing units.
MLS# | 2334643 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1905 |
Days On Site | 66 |
Listing Provided By | Realogics Sotheby's Int'l Rlty | Diane Cao |
SQ Feet | 10,105 |
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Car Port | Yes |
Story(s) | 3 |
Acreage | 0.11 |
Property View | Yes |
State | WA |
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County | King |
City | Seattle |
Zip Code | 98103 |
Area | 705 Ballard | Greenlake |
Community Name | Wallingford |
School District | Lincoln High |
Elementary School | Bf Day |
Middle School | Hamilton Mid |
High School | Lincoln High |
Listing VS Median (in Wallingford) | |
Price: $5,950,000 low | high Med: $1,043,950 SqFt: 10,105 low | high Med: 1,542 $ / SqFt: $589 low | high Med: $677 On site: 66 low | high Med: 14.000000 |