5% actual Cap Rate,Great opportunity for savvy investor to acquire 6 duplex’s plus a Cell Tower Pad generating $12,100 a year leased to AT&T,3% annual rent increases. A total of 10 units and two tax lots. Development opportunity R3-up to 29 units per acre. 2 units- 7605 Ridgewood,8 units at 7601 Ridgewood,new electric panels,new double pane windows,new roofs. All units include washer/dryer hookups,plenty of parking.Increase rents w/min updating or bill back utilities.Current rents below market.
|--||New Value: $2,150,000|
|10/9/2019 5:31:00 PM|
This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.