About this property

Rare six-unit apartment building in downtown Carnation with owner financing available! Solid, turnkey investment opportunity offered at approximately a 6% cap rate. Situated on a 15,152 SF corner lot with R-24 zoning and potential for future expansion or redevelopment (buyer to verify). Unit mix includes (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility. Current rents well below market, offering significant upside in income and value. Additional current income from common laundry, plus tenant utility reimbursements. Improvements include newer windows, recently replaced upper decks, and a roof with substantial remaining life. Ample parking and convenient access to Redmond, Bellevue, and Microsoft.