4318 35Th AveSeattle, WA 98199

This 6-unit apartment building, located at 4318 35th Ave W, Seattle, WA 98199, presents a compelling value-add investment opportunity. Built in 1986, this three-story building boasts 5,174 square feet of net rentable space on a 0.17-acre lot (APN 423540-1094). The property features a desirable 1:1 parking ratio within a secured access building. Each unit includes a washer/dryer and private balcony overlooking a quiet ravine. The large units are known for their high-quality construction. Currently zoned LR3 RC (M), this property offers significant upside potential with the opportunity to increase rents by 15-17% on turnover with minimal updates. The asking price is $1,950,000, representing a $325,000 price per unit and a 3.00% cap rate. This is a rare chance to acquire a well-maintained building from the original builder in a highly sought-after Seattle neighborhood. The building's strong foundation and desirable features make it an ideal investment for those seeking immediate cash flow and long-term appreciation. The property's location provides easy access to various amenities and transportation options. This is a unique opportunity to capitalize on the strong Seattle rental market.