Bought with Realty One Group Enterprise
$2,062,000
$2,175,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
5,500 SqFt
SOLD DATE : 11/01/2023
Key Details
Sold Price $2,062,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $374
Subdivision Wallingford
MLS Listing ID 2155542
Sold Date 11/01/23
Style 56 - 10+ Units
Year Built 1909
Annual Tax Amount $26,254
Lot Size 4,800 Sqft
Property Description
Attention Investors: Caracol Apartments features an opportunity to own 17 units (15 permitted) in the highly desirable Wallingford neighborhood. Conveniently located within a short drive to Fremont, Greenlake, University of Washington, and Downtown Seattle. Priced under $145K per permitted unit and operating at a current 6.1 cap, this building provides massive upside to the investor that can make needed upgrades to the building that would further increase rents and lower future repair costs. This building's unique floor layouts, vintage charm, fireplaces and outdoor decks in select units, unbelievable downtown views, and on-site laundry facilities make Caracol an attractive living environment and potentially great investment.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Wall to Wall Carpet, Laminate
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Deck, Patio
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing, Rehab Loan
Listing Terms Cash Out, Conventional, Owner Financing, Rehab Loan
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