Investment Opportunity!
Located between old town Ballard and Greenlake, this triplex offers an opportunity to step in and start renting immediately or renting while you plan the next next steps for the property. All three units have 2 bedrooms and 1 bath with a dining room and living room to balance out the space. In the basement you will find a shared storage space and coin operated laundry set up. Some updates have been made to the units over the years and they are currently rentable now, but updates could be made to make them more inviting if desired. Another option is to build new on this 5,000 sq ft lot like others in the area are doing. Currently there are 5 parking spots out front.
The seller rented to family/close family friends in two of the units and those units will be vacant - one is vacant now and the other will be vacant by the time of closing. The third unit is the front unit and that unit has a long time tenant. Rents have been under market value because of the relationship to the tenants.
Solid building in a fabulous location - this one is a rare opportunity for a new or experienced investor.
Property Details
Features
- Triplex
- Investment Property
- Great Schools
- Off Street Parking
- On Site Laundry
- Garden Space
- Patio Area
- On Site Shared Storage
