Description
Opportunity knocks in Capitol Hill! Charming home offers easy commute to both North and South Seattle with Capitol Hill Light Rail Station just 1 block away. Minutes to restaurants and shops on Broadway, Cal Anderson Park and SeattleU. Convenient to central business district and SLU. Upper unit has 3bd/1ba, formal LR/DR and W/D. The lower unit w/separate entrance has 1bd/1ba, bonus room, w/d and full kitchen. Rent both units, rent one unit and live in the other OR use as home office The units are currently renting well below market presenting significant rental upside. Proforma cap rate of 5.82% when rents are brought up to market. Newer MR1 zoning offers multiple growth options! Plenty of value-add opportunity for the savvy investor.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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2,300SQFT
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$474$/SQFT
Listing information ©2023 Northwest MLS. Listing courtesy of Windermere Real Estate/East.
Sold by Verraterra.
School Information
Description
Opportunity knocks in Capitol Hill! Charming home offers easy commute to both North and South Seattle with Capitol Hill Light Rail Station just 1 block away. Minutes to restaurants and shops on Broadway, Cal Anderson Park and SeattleU. Convenient to central business district and SLU. Upper unit has 3bd/1ba, formal LR/DR and W/D. The lower unit w/separate entrance has 1bd/1ba, bonus room, w/d and full kitchen. Rent both units, rent one unit and live in the other OR use as home office The units are currently renting well below market presenting significant rental upside. Proforma cap rate of 5.82% when rents are brought up to market. Newer MR1 zoning offers multiple growth options! Plenty of value-add opportunity for the savvy investor.
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 Better Homes and Gardens Sound Life 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 2023-03-21T00:14:26.6. 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 2023-03-21T00:14:26.6. 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.