Description
A fantastic opportunity to acquire this well-maintained, Mid Century 8-unit apartment bldg in the heart of Wallingford. With below-market rents, this property offers significant upside potential for investors looking to add value. Building offers updated, easy-to-rent 1 bedroom units~100% occupied! Each unit has a private entrance along the south-side veranda, overlooking mature landscaping. Additional features: newer dble pane windows, hardwd flrs, updated baths, onsite W/D, 5.04% cap rate; LR2-M zoning. Roof & sewer line replaced in 2014, Storage for each unit plus owners storage room. Self-managed w/careful attention to maintenance & tenant satisfaction. 94 Walk Score: schools, cafes, parks & of course UW. Solid asset w/growth potential!
-
0BEDS
-
0.13ACRES
-
0BATHS
-
01/2 BATHS
-
4,190SQFT
-
$453$/SQFT
Listing information ©2025 Northwest MLS. Listing courtesy of RE/MAX Northwest.
Mortgage Calculator is provided by BoomTown.
Description
A fantastic opportunity to acquire this well-maintained, Mid Century 8-unit apartment bldg in the heart of Wallingford. With below-market rents, this property offers significant upside potential for investors looking to add value. Building offers updated, easy-to-rent 1 bedroom units~100% occupied! Each unit has a private entrance along the south-side veranda, overlooking mature landscaping. Additional features: newer dble pane windows, hardwd flrs, updated baths, onsite W/D, 5.04% cap rate; LR2-M zoning. Roof & sewer line replaced in 2014, Storage for each unit plus owners storage room. Self-managed w/careful attention to maintenance & tenant satisfaction. 94 Walk Score: schools, cafes, parks & of course UW. Solid asset w/growth potential!
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-04-29T00:15:12.29. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2025-04-29T00:15:12.29. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.