Findlay Court
5454 Fauntleroy Ave SW, Seattle, WA 98136
Property Type Multi-family
Price $2,100,000
Status Active
Property Highlights:
- Market 6.5% cap rate based on a market rent of $2.69/SqFt
- Renovation cap on cost of 7.5% including a $35,000/unit budget for unrenovated units, $10,000/unit budget for partially renovated units, and an assumption of $3.30/SqFt rents
- The roof was replaced in 2023
- Opportunity to add washer/dryers (Buyer to verify)
- Great entry basis of $210,000/unit and $343/net rentable SqFt
- Intercom system
- 6 open parking stalls and 4 carport stalls
Map single
