6522 Phinney Avenue N
Seattle, WA 98103
7080 sqft | 0.08 acres | #2040937
Description
The Phinney Apartments has eleven studios, one 1BD/1BTH, and one 2BD/1BTH townhome-style unit. The large 1BD/1BTH unit was added with permits in 2009 with an attractive layout and modern finishes. Phinney Ridge is one of the most sought after neighborhoods for single family homes as well as high quality renters. At a 4.77% cap rate the Phinney has a great current return with fantastic future upside in rents. The current rents are approximately 10% below market in existing condition. The property is in an urban village with no parking requirement presenting the opportunity to convert the garages into two additional units (Buyer to verify).
Property Details
- Days on Market (Cumulative)73
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2023-07-07 00:00:00. 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.
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Listing Courtesy
Listing Agent: Michael Urquhart (#NWM120656)
Listing Office: Paragon Real Estate Advisors (#NWM7086)
Listing Courtesy (Buyer)
Buyer's Agent: Larry Nordberg (#NWM1813)
Buyer's Office: Keller Williams Realty PS (#NWM9861)
