Maplewood offers a 24-unit value-add apartment building located in the highly sought-after University District of Seattle.Offered for sale at $8.9 million, this property is on the market for the first time and presents a unique chance to acquire a legacy asset that has been meticulously maintained by the same family since 1985.Maplewood features large units in exceptional condition, providing ample potential for value-add renovations.After light renovations, rental rates can increase by 20% or more, making this property an attractive prospect for savvy investors. Located steps away from the prestigious University of Washington-ranked #2 in the U.S.Maplewood is just minutes away from an abundance amenities, and a regional light rail station.
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The average household income in
Seattle, WA
grew
from
$86,822
to
$93,481
in the past year. This data is an estimate based upon
338,002
households in
Seattle, WA. The chart below presents how household income is distributed in
Seattle, WA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Seattle, WA
compared to median property taxes around the country. The prevalent amount of property taxes in
Seattle, WA
equals
$3k+
, which is
more
than the national average.