Bought with Skyline Properties, Inc.
$1,020,000
$1,150,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
2,772 SqFt
SOLD DATE : 12/05/2023
Key Details
Sold Price $1,020,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,772 sqft
Price per Sqft $367
Subdivision Magnolia
MLS Listing ID 2162949
Sold Date 12/05/23
Style 55 - 5-9 Units
Year Built 1953
Annual Tax Amount $11,024
Lot Size 5,333 Sqft
Lot Dimensions 54 x 100
Property Description
QUEEN ANNE/MAGNOLIA MULTI-PLEX ALERT! Great investment opportunity w/this 5-unit building that has HUGE rental income upside. Rents currently VERY LOW for the area. First time on market in over 30 years. Apartment units consist of two 1-bed, 1-bath units & two 2-bed, 1-bath units in the main building, and a 1-bed, 1-bath unit above a separate 2-car garage. All apartment units have lrg covered, private decks. The buildings back up to a private protected & wooded greenbelt area. Lrg 5,333 sq ft. lot zoned LR3 (M). Tenants have access to 2 separate laundry rooms w/free washer/dryer access. Conveniently located providing easy access to Discovery Park, Magnolia Village & Elliott Bay Bike Trail, w/easy walking distance to Metropolitan Market.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Stone, Wood
Amenities Available Cable TV, Deck, Gas Available, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Magnolia Elementary
Middle Schools Buyer To Verify
High Schools Ballard High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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