Location, location, location! Just off Capitol Way on 17th sits the Historic Mansfield Apartments. It has 1 2 bedroom unit, 6 1 bedroom units, & 1 studio. Rents average $850 per unit which gives you 5.9% Cap Rate. Rents are currently under market rate to long term tenants. Building has gone through major updating since current owner purchased it in 2012. Owner is in the process of adding the building to the Historical Registry.
|--||New Value: $1,375,000|
|10/23/2019 1:11:19 PM||New Value: $1,375,000|
|5/1/2019 9:21:00 AM||New Value: $1,310,000|
This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.