605 S Sequim ave
Property Description
Prime Sequim Investment Opportunity - 14-Unit Apartment Building Excellent investment opportunity in a prime Sequim location! This 14-unit apartment building offers a desirable unit mix of 8 one-bedroom apartments and 6 smaller studio units, providing affordable rental options in a strong local rental market. The property has benefited from several major improvements, including fresh exterior paint, all-new electrical service to all units and building, and renovations to 8-9 of the 14 units. Each apartment includes its own dedicated storage unit, and tenants enjoy the convenience of on-site laundry facilities. Investment Highlights: 14 total rental units Approximately $197,000 in annual gross rental income Approximately 7% capitalization rate 8-9 updated apartments, with additional value-add potential New electrical service and fresh exterior paint Individual tenant storage and on-site laundry This is an excellent opportunity to acquire an established multifamily investment with strong existing income, significant capital improvements already completed, and additional upside through continued unit renovations and rental growth. A rare opportunity to own a 14-unit income-producing property in the heart of Sequim!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,975,000 |
| No. of Units: | 14 |
| Year Built: | 1968 |
| Lot Size: | 7,100.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $141,071 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-OMLSWA-401414
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