Georgetown Homes with 54 - 4-Plex Style

Welcome to Georgetown, one of Seattle's most vibrant and eclectic neighborhoods! Nestled in the heart of King County, Georgetown boasts a rich history and a unique blend of urban charm and artistic flair. Known for its historic brick buildings and industrial roots, this neighborhood has transformed into a thriving community filled with local breweries, art galleries, and trendy eateries.

Georgetown is the perfect place for those who appreciate a diverse cultural scene. The area is home to a variety of events throughout the year, including the Georgetown Carnival, which showcases local artists and musicians, and the monthly Georgetown Art Attack, where galleries open their doors to the public. With its close-knit community feel, residents often gather at the local parks or community events, making it easy to meet neighbors and forge lasting friendships.

For those considering a move to Georgetown, the housing options are as diverse as the community itself. One of the standout features of this neighborhood is the availability of charming 4-plex style homes. These multi-family residences not only offer an opportunity for homeownership but also provide a unique investment potential. With spacious layouts and the ability to accommodate multiple tenants, these homes are perfect for those seeking to blend comfort with practicality.

Living in Georgetown means you’re just a stone's throw away from the bustling heart of Seattle, while still enjoying the tranquility of a tight-knit neighborhood. Whether you're a first-time buyer or looking to invest, Georgetown's 4-plex homes offer a unique opportunity to be part of a dynamic community. Come explore Georgetown and discover your new home today!

Newest Georgetown Homes with 54 - 4-Plex Style

$1,379,000

2542292 MLS ⋅ ACTIVE Status

Turnkey Georgetown Multifamily Investment with Immediate Income & Upside Excellent opportunity to acquire a stabilized, income-producing four-unit property in the heart of Georgetown. The property consists of one non-conforming studio, two 1-bedroom/1-bathroom units, and one 2-bedroom/1-bathroom unit. All units were renovated approximately five years ago with updated kitchens, hard-surface flooring, modern fixtures, and refreshed finishes, minimizing near-term capital improvement needs. The property has been carefully maintained and provides investors with immediate cash flow plus additional value-add potential. Investment Highlights: * Purchase Price: $1,379,000 * Gross Annual Income: $90,000 * Annual Expenses: $21,204 * NOI: $68,796 * Cap Rate: 5%. Increase the rent and change this to 7.5% * Renovated and well-maintained units * Upside potential through future rent increases * Additional potential income from storage * Seller concession available through CMG Home Loans, subject to lender terms and buyer qualification, Diane Haag, 425-444-8484. With a nearly 5% cap rate, renovated units, and identifiable opportunities to increase revenue, this property offers investors an attractive combination of current cash flow, limited near-term capital needs, and long-term appreciation potential in Seattle’s Georgetown neighborhood.

6635 Carleton Avenue S, Seattle

Listing Broker: Skyline Properties, Inc.; Amir Rashidi; 206-498-2290; amir@gotobuysell.com

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