5010 8th Avenue NE
Seattle, WA 98105

Looking for an ideal first (or next) turn key rental on a quiet street? This well-managed and maintained rental home is located near UW with easy I-5 and downtown access and it is ready for the next owner/operator. A long history of rental success means future success for you. Current rents are $7,400 with potential upside for fall "24. With current rents the CAP rate is 5.75% and could exceed 6% with an annual rent increase. There are 8 generous bedrooms - 3 up, 1 on the main, 4 downstairs - plus 2.5 bathrooms to easily accommodate groups. There are 3+ off-street parking spots in the back. The home sits on a 4,687 SF NR3 zoned lot so potential awaits a creative new owner. Many system & appliance updates have been done throughout the home.