Listing provided by NWMLS, courtesy of Better Properties Eastside

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Active Bank-owned
$2,000,000
/mo   Edit
MLS# 1403242
Commercial/Industrial
Built 1940
0.118 acres
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    Description:   Excellent opportunity to own a commercially zoned property NC3-P85 (potential to build up to 85 foot height), located 1 block from Othello Light Rail Station. Value is in the land!! Sold as-is. Home features 1 bed/office and 1 full bath in upper level, lower level has 4 bedrooms and 1 bath. Current tenants are month to month, paying $2500 per month Feasibility Study to develop hotel or mixed property was done by the owner in 2017. Buyers to verify all info. to their satisfaction.

    Interior

    Approx. Sq Ft: 0 ft²
    Approx. Office Sq Ft: 0 ft²
    Approx. Whse/Mfg Sq Ft: 0 ft²
    Approx. Building Sq Ft: 1,880 ft²
    Energy Source: Natural Gas
    Heating and Cooling: Forced Air

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98118
    Area: 380
    County: King
    Latitude: 47.54048900
    Longitude: -122.28240600

    Building

    Year Built: 1940
    Foundation: Poured Concrete
    Roof: Composition
    Exterior: Metal/Vinyl, Wood Products
    Power Service in AMPS: 0

    Lot

    Depth of Lot: 0
    Lot Sq Ft: 5,148 ft²

    Site

    Community Name: Brighton
    Number of Available Pads: 0
    General Zoning Classification: Business, Commercial, Office, Residential, Retail
    Zoning Jurisdiction: City
    Site Frontage: 0

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $3,745
    Electrical Expenses: 0
    Total Expenses: 0
    Tax Year: 2018
    Gross Scheduled Income: 30000
    Vacancy Rate: 0
    Gross Adjusted Income: 0
    Total Expenses: 0
    Net Operating Costs: 0
    Cap Rate -NOI div LP: 0.00

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    Payment:  /mo

    Listing provided by NWMLS, courtesy of Better Properties Eastside