Bought with America's Choice Real Estate
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,598 sqft
Price per Sqft $333
Subdivision Hawthorne Hills
MLS Listing ID 1807791
Sold Date 11/22/21
Style 55 - 5-9 Units
Year Built 1956
Annual Tax Amount $24,894
Lot Size 7,603 Sqft
Property Description
Steps from Burke-Gilman trail, the Cedrus is nestled in the residential neighborhood of Hawthorne Hills in NE Seattle. This spacious 8-unit garden-style consists of two 1B/1B, five 2B/1B & one 3B/1B owner's unit. The Cedrus is well-connected to U-Village and UW. Seattle Children’s Hospital, Metropolitan Market & City People are within a short walk. This walkability to amenities attracts a high-quality, stable tenant base and has lent to virtually no vacancy over the course of current ownership. These spacious well-located units currently rent at below market rates provide investors with a true value add opportunity, recapturing loss to lease in the near term with additional rental upside realized upon renovation & reposition.
Location
State WA
County King
Area 710 - North Seattle
Interior
Interior Features Hardwood, Wall to Wall Carpet
Flooring Hardwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood
Utilities Available Sewer Connected, Electric
Waterfront No
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Sand Point Elem
Middle Schools Eckstein Mid
High Schools Roosevelt High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
GET MORE INFORMATION