- Listing #:
- 1755118
- Price:
- $849,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- # of Acres:
- 0.12
- Year Built:
- 1961
- Comm/Assn:
- Magnolia
- City:
- Seattle
- County:
- King
- State:
- WA
- Zip:
- 98199
- Right of 1st Refusal:
- No
QR Code
Description
BRING ALL OFFERS Income producing property with steady rents located in one of Seattle’s desired Magnolia neighborhoods near the Lawton Park area . Operate it as-is or redevelop with NC155(M) Zoning and a 5398 sf lot. Seller has no information or reports as to the condition of the property. Current rents are under market and all tenants are current on their rents . Income is proforma - See additional broker remarks - O/M
Property Features
- Cap Rate:
- - 4.96
- Exterior Features:
- - Brick
- - Cement/Concrete
- :
- - Level
- Foundation Details:
- - Block
- Gross Scheduled Income:
- - $83,750.00
- Insurance Expense:
- - $2,241.00
- Interior Features:
- - Concrete
- Net Operating Income:
- - $66,935.00
- Approx. Building Sq.Ft.:
- - 2,680.00
- Boundary Survey:
- - false
- Depth Of Lot:
- - 50
- Environmental Survey:
- - false
- Gross Adjusted Income:
- - 83750
- Gross Rent Multiplier:
- - 16
- Site Frontage:
- - 102
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Expenses:
- - 16815
- Zoning Class:
- - Multi-Family
- - Retail
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 3600
- Parcel Number:
- - 7010700620
- Possible Use:
- - Multi-Family
- - Retail
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $10,974.00
- Tax Year:
- - 2021
- Water Source:
- - Public