Bought with Lee & Associates Commercial RE
$1,650,000
$1,700,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
3,640 SqFt
SOLD DATE : 10/14/2022
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $453
Subdivision Wallingford
MLS Listing ID 1928867
Sold Date 10/14/22
Style 55 - 5-9 Units
Year Built 1907
Annual Tax Amount $20,000
Lot Size 3,300 Sqft
Lot Dimensions 3300
Property Description
A true value add property located 2 blocks away from Lake Union. This is the first time this property has been on the market in 40+ years. 7 Units available for a complete renovation. Strong in-place cash flow with substantial renovation upside to over 21%. Common laundry for all units with two parking spots available. Located within walking distance from gas works park, Fremont & Wallingford neighborhoods and the University of Washington. Financials are Proforma and Rents are In-Place.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Hardwood, Wall to Wall Carpet
Flooring Hardwood, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
View Y/N Yes
View City, Lake, Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Secluded, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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