Listing courtesy of Real Property Associates 206-523-0300
$1,518,000
Exceptional 13-unit investment and redevelopment opportunity on a 13,440 SF lot in prime and highly connected North Seattle location. The property includes two buildings with a desirable mix of studio, one- and two-bedroom residences, offering multiple investment strategies. Continue operating as an income-producing apartment community, increase returns through rent optimization… Read More and strategic improvements, or hold as a long-term development site. Current gross scheduled income is approximately $14,288 per month, with additional upside as several rents remain below market. Most units have been updated. NC3-55 zoning may offer potential for a future multifamily development of approximately 60–80 units; buyer to verify all development feasibility. Conveniently located near Northgate Light Rail, transit, shopping, dining, major employers and daily amenities, with an 87 Walk Score. A compelling combination of current income, value-add potential and long-term redevelopment opportunity. Read Less
Listing courtesy of Real Property Associates 206-523-0300
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
17
Days on Website
17
Last Updated
Property Type
Multi Family
Square Ft.
5,312
Lot Size
0.31 Acres
Year Built
1950
Property Tax
$19,956
MLS Number
2554023
30 Days Snapshot Of 98133
$854k
+10%
(avg) sold price
29
-21%
homes sold
57
+7%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Building
Building Area Total: 5312, Building Area Units: Square Feet, Calculated Square Footage: 5312, Construction Materials: Brick, Wood, Elevation Units: Feet, Leasable Area: 5312, Living Area: 0, Number Of Units Total: 13, Stories Total: 3, Structure Type: Multi Family, Units In Building Total: 13, Year Built: 1950, Year Built Effective: 1950
Sewer: Sewer Connected, Sewer Company: Seattle Public Utilities
Utilities
Electric Expense: 4851, Fuel Expense: 1151, Power Company: Seattle City Light, Power Production Type: Electric, Natural Gas, Water Company: Seattle Public Utilities, Water Source: Public
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The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
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The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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