Admiral District Townhome

2x townhouses built in 2018 each with 3BD/2.5BA, 1,988 sqft ($800K each)

3215A & 3215B California Ave SW | Admiral District

It is with great satisfaction that this 1031 exchange has been completed within the IRS deadline and the properties will be listed tomorrow morning for rent by my leasing agents and property managed thereafter. 

These 2 newly constructed 2018 townhouses that were under construction and off-market in West Seattle were the perfect fit (regardless of having to persistently follow-up with contractor to complete construction on schedule) for my out-of-state investor client. Each "live + work" townhouse includes a residence with 3BD/2BA, 1,663 sqft that could be rented for $3,500 per month while there’s a separate commercial space (zoned NC2) with it's own entrance at street level including 325 sqft & 0.75 bathroom (i.e. bathroom w/ ADA compliant shower) that could be leased for $1,500. The total gross revenue for both investment properties is approximately $120,000 annually.

📲Please let me know how I can help you.