Bought with Lee & Associates Commercial RE
$1,770,000
$1,850,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
2,948 SqFt
SOLD DATE : 05/30/2023
Key Details
Sold Price $1,770,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,948 sqft
Price per Sqft $600
Subdivision Phinney Ridge
MLS Listing ID 2055174
Sold Date 05/30/23
Style 55 - 5-9 Units
Year Built 1906
Annual Tax Amount $14,479
Lot Size 5,000 Sqft
Property Description
NOW AVAILABLE this amazing Phinney Ridge 6-PLEX with Beautiful View in one of Seattle's Favorite Neighborhoods! Huge upside to increase rents & CAP Rate. UPGRADES include: Roof, windows, electrical, plumbing, interior, Kitchen Cabinets & exterior paint. Hard to find like properties like this that are Meticulously maintained! First sale in over 25 years & great tenants. Great Seattle neighborhood near Lake Washington, University of Washington, major universities, short walking distance to many restaurants, shopping and freeways. Coin laundry in the building in lower level for extra income. Long-term tenants pay some sewer & garbage monthly charge & their lease payments MUST MAKE APPOINTMENT TO WALK PROPERTY! Market Rate Rents 6.07% Proforma
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate
Flooring Ceramic Tile, Hardwood, Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Deck, Fenced-Partially, Gas Available, Patio
Waterfront No
View Y/N Yes
View Canal, Mountain(s), Partial, Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water See Remarks
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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