Bought with Heaton Dainard, LLC
$1,700,000
$2,300,000
26.1%For more information regarding the value of a property, please contact us for a free consultation.
4,555 SqFt
SOLD DATE : 03/08/2024
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,555 sqft
Price per Sqft $373
Subdivision Eastlake
MLS Listing ID 2193534
Sold Date 03/08/24
Style 55 - 5-9 Units
Year Built 1968
Annual Tax Amount $17,781
Lot Size 5,600 Sqft
Property Description
See the possibilities - value-add repositioning or redevelopment. Eastlake 6-unit apt sits on a 5,400SF lot zoned LR2 (M) with access to the lot from Minor Ave on the front along with Red Ave E to the rear. The building currently has several vacant units, allowing investors to promptly enhance its value through additional renovations, maximizing returns on investment. The building is comprised of four well laid out 1-bedroom/1-bathroom units, along with two large 2-bedroom/2-bathroom units. Encompassing the entirety of the top floor is the penthouse unit featuring hard surfaced flooring, updated cabinetry, in unit washer and dryer, and spectacular views of lake union and downtown Seattle.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Interior Features Laminate Hardwood
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
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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