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Listing Provided Courtesy Of:
The Foundation Group LLC and NWMLS
Address
7001 Rainier Ave S Seattle, WA
Price
$ 5,950,000
Property Attributes
  • ML#1526054
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaSoutheast Seattle
  • NeighborhoodBrighton
  • Zip98118
  • Style6-9 Units
  • Year Built1959
  • Taxes25273
  • Price$ 5,950,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage16465
  • Lot Size0.53 Acres
Listing Provided Courtesy Of:
The Foundation Group LLC and NWMLS
Property Description

Just listed - Cascade Court - Rare opportunity to own an in-city renovated 28-unit priced under $215,000 per unit. Immediate upside in rent growth and ability to collect more for utility bill back. Day-one professionally managed complex above a 5.25% cap rate of passive income. Great accessibility to rapid transit lines and light rail - 5 blocks from Othello Station. Up-zoned in May 2019 to NC3-55 allowing for 5 to 6 story development.

Price History
10/1/2019 Listed $5,950,000

General Features

Community Name Brighton
Energy Source Electric
Heating and Cooling Baseboard
School District SEA
Site Features Deck, Fenced-Partially
Water / Sewer / Garbage 35000
Year Built 1959

Interior Features

Bathrooms 0.0
Bedrooms 0.0

Exterior Features

Exterior Features Cement/Concrete
Foundation Concrete Block
Lot Square Footage 23264
Number of Uncovered Spaces 31
Roof Torch Down
Style 6-9 Units
Total Number of Parking Spaces 31
View Territorial

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98118

Price
AVG $2.6M
$5.95M
Taxes
AVG $12,695
$25,273
Visits
AVG 29
49
Year Built
AVG 1931
1959
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data

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