Bought with Windermere Real Estate Central
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Key Details
Sold Price $1,940,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wedgwood
MLS Listing ID 2197876
Sold Date 04/01/24
Style 54 - 4-Plex
Year Built 1970
Annual Tax Amount $9,655
Lot Size 6,260 Sqft
Property Description
SELLER FINANCING with POSITIVE LEVERAGE ~ Investors can acquire a well-maintained asset with improvements that combine to create a turnkey investment and durable income stream via attractive purchasing terms offered by the seller. Terms include a 25% down payment, a 4.5% rate with interest-only payments, and a 7-year term. Improvements like ductless mini-split heat pumps, which are significantly more efficient and provide heat and air conditioning to the units. A new 25-year roof was placed in service 5 years ago, new water heaters, and a hot water circulation pump create ready-to-use hot water on-demand saving time and money. Opportunity exists to institute utility bill back and install washers and dryers in the units to increase rents.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood Products
Waterfront No
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Owner Financing
Listing Terms Owner Financing
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.