800 812-818 29 Avenue S, Seattle, WA 98144

$3,850,000
6,935
SqFt

Listing courtesy of Butler Real Estate Group.

List Price
$3,850,000
Status
ACTIVE
MLS#
1681906
Price Change
▼ $150,000 1641952662
Days on Market
445
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
6,935
Area Total SqFt
6935
Lot Size (sq ft)
15,000

Property Description

15,000 sq ft buildable lot in the heart of Seattle with two 4 unit buildings. Zoned LR2(M) for future development. Upper units have great city views. Additionally included is a large work shop with ventilation system and bathroom. 12 covered parking spaces located in the center of Seattle. Newer Roof. Steady income. Blocks from Light Rail station. Great income investment with many development possibilities! SELLER FINANCING AVAILABLE

Additional Information

List Date
2020-11-06 19:56:10
Community
Central Area
Potential Terms
Cash Out, Conventional
Year Built
1963
View
Territorial
Roof
Flat
Site Features
Cable TV
Heating/Cooling Type
Baseboard
Electric Expenses
768
Energy Source
Electric
School District
Seattle
Elementary School
Thurgood Marshall El
Middle School
Wash Mid
High School
Garfield High
Total Monthly Income
$20,000
Gross Scheduled Income
$240,000
Vacancy Rate
3
Gross Adjusted Income
$232,800
Tax Year
2020
Insurance Expense
$11,200
W/S/G Expenses
$11,682
Total Expenses
$52,119
Net Operating Income
$182,781
Gross Rent Multiplier
17
Cap Rate
4
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