Bought with Marketplace Sotheby's Int Rty
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Key Details
Sold Price $803,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $348
Subdivision South Park
MLS Listing ID 2049752
Sold Date 05/16/23
Style 54 - 4-Plex
Year Built 1943
Annual Tax Amount $7,318
Lot Size 6,000 Sqft
Lot Dimensions 50'X120'
Property Description
Amazing opportunity to own a solid 4plex & gain another income stream in vibrant South Park community! Well maintained units, No vacancy in more than a decade! You & your tenants will appreciate that all units are plumbed for laundry & include one dedicated parking space, on a level 6Ksqft LR2(m) lot. Roof replaced in 2018, interior updates in 3 out of 4 units in 2019/2020. Located conveniently close to freeways, stadiums, the library, downtown, shopping mall, bus-lines, Boeing & SODO. Stable, yet under market, tenants in place. Additional ideas to create value add are by updating final unit (long term 12 year tenant in place) & increasing all units to stable market rents (Estimated $1600 per unit). Don't let this opportunity slip away!
Location
State WA
County King
Area 140 - West Seattle
Interior
Interior Features Concrete, Laminate Hardwood
Flooring Concrete, Laminate
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Cable TV, High Speed Internet, Patio
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Concord
Middle Schools Denny Mid
High Schools Sealth High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, See Remarks, VA Loan
Listing Terms Cash Out, Conventional, FHA, See Remarks, VA Loan
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