Bought with Champion Real Estate
$2,150,000
$2,250,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
5,200 SqFt
SOLD DATE : 05/19/2023
Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $413
Subdivision University District
MLS Listing ID 2039883
Sold Date 05/19/23
Style 56 - 10+ Units
Year Built 1913
Annual Tax Amount $21,558
Lot Size 5,500 Sqft
Property Description
25% Down Seller Financing Available! This classic 11-unit building provides a great value-add opportunity in one of Seattle’s core markets. Located in the U District, one of the lowest vacancy submarkets in the city, this asset is poised to take advantage of steady future growth and appreciation. The building is comprised of studio, one and two bedroom units, featuring spacious floorplans, hardwood floors, and fireplaces in select units. This offering presents an opportunity for a buyer to continue a proven value-add model, with upside through cosmetic unit renovations and rental increases.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Built-Up
Building
Sewer Available
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Assumable, Cash Out
Listing Terms Assumable, Cash Out
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