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Listed by:Westlake Associates, Inc. • Travis Kannier
$ 1,750,000
Est. payment /mo
New
3901 Martin Luther King Jr WAY S Seattle, WA 98108
9 Beds
9 Baths
5,330 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,330 sqft
Price per Sqft $328
Subdivision Columbia City
MLS Listing ID 2562520
Style 55 - 5-9 Units
Bedrooms 9
Year Built 1963
Annual Tax Amount $19,649
Lot Size 6,738 Sqft
Property Sub-Type Multi Family
Property Description
Empire Flats is a fully renovated 9-unit building conveniently located blocks from Mt Baker Light Rail Station. This is an excellent opportunity for an investor as most of the renovations have been completed and the buyer simply needs to raise rent/income. Comparable rents nearby show that there is room to raise rents significantly without additional upgrades. Empire Flats has spacious units that have been updated throughout with new cabinetry, quartz counters, and stainless appliances. The modernized apartments also have desirable LVP flooring and in-unit laundry. The low maintenance building has a newer roof and exterior paint. There are plans to covert the existing laundry area to a 10th unit (buyer to verify).
Location
State WA
County King
Area 385 - Sodo/Beacon Hill
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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