Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-623-8880; [email protected]
$1,525,000
The Woodland Park Ave Apartment is on the market for the first time in over 28 years! This charming five-unit apartment building is tucked between two of Seattle’s most vibrant and sought-after neighborhoods, Fremont and Wallingford, making for a great investment for an opportunist who is bullish on Seattle.… Read More Originally built in 1918, with a connected triplex addition added in 1986, Woodland Park Ave Apartments offers a well-balanced mix of five units: 1 - one-bedroom, one-bathroom unit, 3 - two-bedroom, one-bathroom units, and 1 - spacious three-bedroom, one-and-a-half-bathroom unit, totaling approximately 5,170 net rentable square feet. Each unit comes with its own washer/dryer, water heater, full kitchen appliance package and electric wall heat. The building is equipped with vinyl frame dual-pane windows and all electrical systems throughout the property are up-to-code and in good working condition. The triplex addition is fully sprinklered and has copper plumbing while the main house is a mix of plumbing. In-place rents are currently more than 40% below market, providing an incoming owner with immediate, low-lift upside by bringing units to market rents as they naturally turn over. Additional value can be created through interior renovations. There is also untapped income potential through parking and utility bill-backs that have yet to be implemented. Read Less
Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-623-8880; [email protected]
Listing Snapshot | Source HomeJunction
Cumulative Days Active
0
Last Updated
Property Type
Multi Family
Square Ft.
5,170
Lot Size
0.11 Acres
Year Built
1918
Property Tax
$17,601
MLS Number
2596394
Additional Details | Source HomeJunction
Building
Built in 1918, 3 stories, Construction Materials: Wood
Cooling
None
Expenses
Insurance: $4,990, Other Expense: $13,113
Exterior Features
Wood Products
Floors
Laminate, Carpet
Foundation
Poured Concrete
Heating
Wall Furnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $97,920, Net Operating Income: $47,951
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
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.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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