Courtesy: Windermere West Metro
Live your best seaside life at this top floor, two-story mid-century modern condo situated directly on Puget Sound. Open concept living, vaulted ceilings, exposed beams, modern kitchen, & tons of natural light! Enjoy mountain, Sound & lush green park views. Warm up your winter nights by the wood-burning fireplace. Entertain in the large dining room & view deck. Spectacular interior storage incl. coat closet, large storage rm, double pantry, & huge walk-in closet. Lives like a house, but w/the lock & go lifestyle of a condo. Perfect for the outdoor enthusiast...bike or jog the Alki promenade & drop your kayak in Puget Sound just outside your front door. Building has seaside pool, sauna, kayak storage, dedicated parking & onsite manager.
Courtesy: Realogics Sotheby's Int'l Rlty
Discover this new, boutique enclave of 37 waterfront condominium estates boasting endless Sound & Olympic views priced from $1M to $4.5M. Constructed of concrete, steel & glass, behold flawless finishes by renowned designer Susan Marinello & unparalleled services & amenities not seen before on Alki Beach. Each resort-inspired residence affords a serene setting, seamlessly blending indoor & outdoor living. Enjoy Nanawall glass walls, expansive private terraces & ample storage & parking with EV charging stations. Amenities include an infinity pool, hot tub, rooftop deck, resident lounge, concierge, & fitness center. Now selling for immediate occupancy on Seattle's most cherished beach front! No HOA Dues in 2024!
Courtesy: Blake Investment Advisors
An opportunity for an investor to acquire an existing triplex zoned NR3, offering the ability to build a 1,000-square-foot DADU on the west side of the lot, increasing the stabilized cap rate to 9.28%. Current operations at the North Admiral Triplex produce an average monthly rent of $1,617 per unit. This submarket can support a higher rent of $2,550 per unit. A new buyer can realize this upside on the Triplex by fully renovating each unit and installing washers and dryers in the apartments, with a proposed cost of $150,000. The proposed ADU (buyer to verify feasibility) can achieve a rent of $3,600 and the proposed cost to construct is $350,000. Upon completion of the DADU, the new income stream equates to a 9.28% Capitalization Rate.
