Listing provided by NWMLS, courtesy of Windermere Real Estate Co.

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Active
$2,250,000
/mo   Edit
MLS# 1446098
Commercial/Industrial
Built 1909
0.05 acres
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    Description:   6-Unit Apt Bldg + 700 storage room w/ NC2 55 Ft Urban Village zoning. At 38th & Stone Way - this is exciting corner of the city with many new mixed use properties, progressive businesses, etc. Close in location by Gas Works/ Fremont/ Burke Gilman Bike Trail may invite furnished apt/ short stay/ AirBnB uses, as well as hair salon, CPA, Attorney offices, etc. Really fun old bldg now all renovated systems & finishes, 1700 sq ft owner's penthouse w/ view.

    Interior

    Approx. Sq Ft: 0 ft²
    Approx. Office Sq Ft: 700 ft²
    Approx. Whse/Mfg Sq Ft: 0 ft²
    Approx. Building Sq Ft: 5,451 ft²
    Energy Source: Natural Gas
    Heating and Cooling: Wall
    Floor Covering: Ceramic Tile, Hardwood, Vinyl
    Features: Signage Included, Sprinklered

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98103
    Area: 705
    County: King
    Latitude: 47.65287300
    Longitude: -122.34204600

    Building

    Year Built: 1909
    Foundation: Poured Concrete
    Roof: Flat
    Exterior: Wood Products
    Ceiling Height: 7' office / 10' Apt's
    Power Service in AMPS: 0

    Lot

    Depth of Lot: 60
    Lot Sq Ft: 2,158 ft²
    Lot Number: 11

    Site

    Community Name: Wallingford
    Number of Available Pads: 0
    General Zoning Classification: Commercial
    Zoning Jurisdiction: City
    Site Frontage: 37

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $14,210
    Electrical Expenses: 480
    Total Expenses: 34269
    Tax Year: 2019
    Gross Scheduled Income: 133200
    Vacancy Rate: 0
    Gross Adjusted Income: 133200
    Total Expenses: 34269
    Net Operating Costs: 98931
    Cap Rate -NOI div LP: 4.40

    Business

    Features: Signage Included, Sprinklered

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    Payment:  /mo

    Listing provided by NWMLS, courtesy of Windermere Real Estate Co.