Listing courtesy of Real Property Associates 206-523-0300
$1,478,000
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
32
Days on Website
14
Last Updated
Property Type
Land
Lot Size
0.31 Acres
Property Tax
$19,956
MLS Number
2566364
30 Days Snapshot Of 98133
$868k
+15%
(avg) sold price
37
-2%
homes sold
53
-11%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Property Access
Road Surface: Paved
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: None
Topography: See Remarks, Vegetation: See Remarks, Zoning Description: Multi-Family, Residential, See Remarks, Zoning: NC355(M)
Sewer
Sewer: Available
Utilities
Utilities: Electricity Connected, Natural Gas Available, Electric On Property Yn: t, Electricity Status: On Property, Gas Status: On Property, Water Source: Available
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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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