New ListingCenterwood presents an exceptional opportunity to acquire a 36-unit multifamily community built in 2009, located in White Center within unincorporated King County. The property consists of three well-maintained buildings totaling approximately 27,890 rentable square feet, featuring an attractive all two-bedroom unit mix with 35 two-bedroom/two-bathroom units and one two-bedroom/one-bathroom unit. Each residence includes an in-unit washer and dryer, while the community offers 61 parking stalls. Quality construction features include fire sprinklers, copper supply lines, double-pane windows, and individual hot water tanks. Conveniently located near downtown White Center, Westwood Village, public transportation, and major employment centers. Centerwood offers investors a compelling opportunity with a 5.83% in-place cap rate and potential upside through operational improvements and light cosmetic renovations. Offered at $8,000,000.
| MLS # | 2584938 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2009 |
| Days On Site | 6 |
| Listing Provided By | Kidder Mathews | Max Frame |
| SQ Feet | 27,890 |
|---|---|
| Story(s) | 3 |
| Units | 2 |
| Zoning | Multi-Family |
| Acreage | 0.87 |
| Property View | Yes |
| Property | 101950 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98146 |
| Area | 140 West Seattle |
| Community Name | White Center |
| Listing VS Median (in White Center) | |
Price: $8,000,000 low | high Med: $589,950 sqft: 27,890 low | high Med: 1,670 $ / sqft: $287 low | high Med: $353 On site: 6 low | high Med: 27 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98146 |
| Area | 140 West Seattle |
| Community Name | White Center |
| Listing VS Median (in White Center) | |
Price: $8,000,000 low | high Med: $589,950 sqft: 27,890 low | high Med: 1,670 $ / sqft: $287 low | high Med: $353 On site: 6 low | high Med: 27 | |