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.
Off market
$4,320,200
7001 Rainier Ave S, Seattle, WA 98118
3beds
2baths
16,465sqft
MultiFamily
Built in 1959
-- sqft lot
$4,320,200 Zestimate®
$262/sqft
$2,555 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard
Appliances
- Included: Dishwasher, Refrigerator
Features
- Flooring: Carpet, Hardwood, Laminate
Interior area
- Total interior livable area: 16,465 sqft
Property
Features
- Exterior features: Cement / Concrete
Lot
- Size: 0.53 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Sewer Connected
Community & neighborhood
Location
- Region: Seattle
Other
Other facts
- Dishwasher1: Y
- Dishwasher2: Y
- Refrigerator1: Y
- Refrigerator2: Y
- Property type: MULT
- Range/oven1: Y
- Range/oven2: Y
- Sewer: Sewer Connected
- Form 17: Provided
- Possesion: Closing
- Energy source: Electric
- Heating and cooling: Baseboard
- Foundation: Concrete Block
- General zoning: Multi-Family
- View: Territorial
- Lot details: Cul-de-sac, Corner Lot, Sidewalk
- Potential terms: Conventional, Cash Out, Assumable
- Building condition: Remodeled
- Floor covering: Wall to Wall Carpet, Laminate Hardwood
- Roof: Torch Down
- Style: 56 - 10+ Units
- Exterior: Cement/Concrete
- Site features: Fenced-Partially, Deck
- Amenities: Coin Op Laundry
- Bathrooms1: 1.00
- Bathrooms3: 0.00
- Bathrooms4: 0.00
- Bathrooms5: 0.00
- Bathrooms6: 0.00
- Bathrooms2: 1.00
- Offers: Reviewed on receipt
- Commission: 1.75
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$4,320,200
2% more+ $86,404
With Zillow Showcase(estimated)
$4,406,604