Seattle, WA 98105,5234 University Way NE
Seattle, WA 98105,5234 University Way NE
Seattle, WA 98105,5234 University Way NE
Seattle, WA 98105,5234 University Way NE
Seattle, WA 98105,5234 University Way NE
Seattle, WA 98105,5234 University Way NE
See all 14 photos
Listed by Kidder Mathews
Bought with Kidder Mathews

$4,950,000

$5,500,000

10.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

11,500 SqFt


SOLD DATE : 12/07/2022

Key Details

Sold Price $4,950,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,500 sqft

Price per Sqft $430

Subdivision University District

MLS Listing ID 1970616

Sold Date 12/07/22

Style 56 - 10+ Units

Year Built 1928

Annual Tax Amount $42,016

Lot Size 4,650 Sqft

Lot Dimensions 4650

Property Description

Devoe is a charming 19-unit value-add apartment with proven rent upside. Current ownership has renovated 6 of the 17 residential units and is averaging an 85% increase over previous in-place rents. Recent capital improvements include new roof, new central boilers, vinyl windows, and electrical and plumbing upgrades. Attractively priced a $289,000 per unit and a 5.9% cap rate upon stabilization.

Location

State WA

County King

Area 710 - North Seattle

Interior

Interior Features Hardwood, Wall to Wall Carpet

Flooring Hardwood, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Wood Products

Utilities Available Sewer Connected, Electric

View Y/N Yes

View City, Lake, Territorial

Roof Type Torch Down

Building

Lot Description Alley, Curbs, Paved, Sidewalk, Value In Land

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Northwest MLS (NWMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 615-2699

info@homesbymollyhaines.com

733 7th Ave Suite 211, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.