The Dalton

Constructed in 1907, The Dalton is a grand gem located in the absolute heart of Columbia City. Three blocks from the Columbia City light rail station and ideally located the middle of the business district. The building is 100% leased. The current configuration is 26 SRO units with 3 ground floor retail tenants and one communications site lease contract. The basement is not currently being utilized as rentable square footage.
Master lease of all SRO units with King County to be put in place with new ownership. Current program owner/ operator will continue to service SRO program with a direct contract with King County outside of any master lease agreement. This translates into stable and guaranteed SRO rental income. Great potential for future renovation using tax credit funding (buyer to verify). The property sits within the Columbia City historic overlay district but is not currently registered as historic. A new vinyl window program permit has already been completed, approved, and in-hand for new ownership. Ideal as a covered renovation play or simply hold and cash flow.