HIGHLIGHTS: This Leschi 6-Unit features five large two and one spacious three-bedroom one-bath units. The kitchens have ample storage with newer cabinets, refrigerators, dishwashers and stove-top ranges. All units have full size washers and dryers and gas heat. The three upper units have hardwood floors in the living rooms. All units have tiled kitchens, bathrooms and hall floors with carpet in the bedrooms. The building was constructed in 1953 as a two story brick/wood frame building. There is a large community storeroom that the residents have access to for additional storage.

Over the last number of years there have been a considerable number of improvements to the property. Just recently the exterior was painted, the landscape was detailed with new bark and approximately 60 feet of fencing was replaced. In addition all windows were replaced with thermal panes. This property is turnkey and should need little capital improvements for several years.

Leschi is one of Seattle' s most vibrant neighborhoods. It boasts numerous restaurants, coffee shops and stores. There is a grocery store and Walgreens within walking distance from the property. The property is one block away from two bus routes.

Because of the building quality and location, it enjoys strong year round occupancy. Purchaser to participate in a 1031 tax deferred exchange to include a simultaneous closing with a Columbia City 14-unit located at 4700 35th Avenue South. Agent related to seller. Contact listing agent for additional information and marketing package or view at http://www.loopnet.com/lid/17258531 or http://www.marketplacebrokerageltd.com.

Contact agent for additional financial information or view at http://www.crelisting.net/L1U3dzc5w