Bought with Pacific Crest
$2,114,750
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7,548 SqFt
SOLD DATE : 12/04/2020
Key Details
Sold Price $2,114,750
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,548 sqft
Price per Sqft $280
Subdivision Olympic Hills
MLS Listing ID 1610387
Sold Date 12/04/20
Style 56 - 10+ Units
Year Built 1961
Annual Tax Amount $17,177
Lot Size 0.336 Acres
Property Description
Investor alert! Opportunity to own in-city RE with significant upside in the Lake City neighborhood of Seattle! Mix of studio, 1 and 2 bed units. 9 of the 11 units updated with kitchen upgrades, paint, flooring and mill work. In place rents are close to 10% below market with ability to add a 12th unit and storage lockers. Huge 14,640 sq ft LR3 (M) zoned lot. Potential redevelopment site.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
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