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Description
The Denny Apartments are comprised of one Studio unit, sixteen 1BD/1BTH units, and one 3BD/2BTH unit. The owner is waiting for a permit to be issued to expand unit 106 (current studio) into a 1BD/1BTH + den for an immediate value-add play. See page 15 of the offering memorandum found in the supplements for a layout on this unit expansion. These permitted plans also entail the addition of nine storage units. The building has six parking stalls off the alley currently operated on a first come first serve basis providing an additional potential income stream for the next owner. The rents are currently 27% below market providing major upside as a few of the one bedroom units are rented for below $1,000.
Location
The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2022 NWMLS. Updated: 2nd October, 2023 3:22 PM (UTC)
Provided by NWMLS
Listing Office: Paragon Real Estate Advisors
