Bought with Paragon Real Estate Advisors
$1,175,000
$965,000
21.8%For more information regarding the value of a property, please contact us for a free consultation.
3,879 SqFt
SOLD DATE : 02/02/2024
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,879 sqft
Price per Sqft $302
Subdivision Queen Anne
MLS Listing ID 2189953
Sold Date 02/02/24
Style 55 - 5-9 Units
Year Built 1900
Annual Tax Amount $15,674
Lot Size 4,800 Sqft
Property Description
This property offers a range of possibilities for potential investors, including the prospect of value-added repositioning along with redevelopment. Positioned on the north slope of Queen Anne, this 5-unit apartment building sits on a 4,800-square-foot lot zoned LR3 (M). Currently vacant, the property allows investors to promptly enhance its value through renovations, maximizing returns on investment. The building is comprised of five spacious 1-bedroom/1-bathroom units, with a daylight basement offering potential for additional square footage to be added. Beyond the potential for value-added improvements, this property presents a distinct redevelopment opportunity.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Built-Up
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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