Bought with Paragon Real Estate Advisors
$1,275,000
$1,430,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
4,275 SqFt
SOLD DATE : 04/01/2024
Key Details
Sold Price $1,275,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,275 sqft
Price per Sqft $298
Subdivision Wallingford
MLS Listing ID 2179779
Sold Date 04/01/24
Style 55 - 5-9 Units
Year Built 1959
Annual Tax Amount $15,138
Lot Size 5,100 Sqft
Property Description
Located in Wallingford, The Ashworth is a strong value-add opportunity. Current operations are profitable, and there is significant potential for increased income. Current rental rates are below market rates, and there is room for renovations. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approx 40%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood
Amenities Available Fenced-Partially, Patio, Shop
Waterfront No
View Y/N No
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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