NOT LISTED FOR SALE
-- Bed
-- Bath
20,680 Sq Ft
0.56 Acres

Last Sold January 20, 2022

Last sale price $6,100,000 $295 Per Sq Ft

123 Days on Market

Highlights

  • 0.56 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet
  • Briarcrest Elementary School Rated A

About This Home

As of January 2022

The Bluestone Apartments, located just outside of Seattle city limits, provides an opportunity to acquire a 26-unit property with all the gut renovations completed. All 26 units have been renovated within the last 5 years. Renovations include granite countertops - kitchen and bathrooms, wood cabinets, new light fixtures and more. The asset provides new ownership with an immediate upside with proven rents and with all current tenants in good standing. Bluestone is ideally located blocks away from the new light rail station opening in 2024 with direct access to Seattle. New ownership will enjoy an ideal location with added appreciation.

Last Listed By

Sam Ghanim

The Paragon Group License #135586 Listed on: 06/08/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1788290

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $72,624

Year Built

  • Built in 1978

Lot Details

  • 0.56 Acre Lot

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 20,680 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 32 Parking Spaces
  • Open Parking

Community Details

  • Briarcrest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3670500260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$72,624

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 20680
  • Special Features: VirtualTour
  • Cumulative Days on Market: 361

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 32
  • Open Parking: Yes
  • Total Parking Spaces: 32
  • ParkingUncoveredSpaces: 32

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 24958

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Shoreline

Lot Info

  • Parcel Number: 3670500260
  • Lot Size Acres: 0.5585
  • Lot Size Sq Ft: 24328
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 34597

Multi Family

  • Gross Scheduled Income: 517611
  • Net Operating Income: 342140
  • Number Of Units Total: 26
  • Insurance Expense: 16000
  • Leasable Area: 20680
  • EnergySource: Electric
  • UnitsInBuildingTotal: 26
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 72624

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $6,100,000 0.0% $295 / Sq Ft
10/09/2021 10/09/21 Pending -- -- --
09/30/2021 09/30/21 Price Changed $6,100,000 -1.6% $295 / Sq Ft
06/08/2021 06/08/21 For Sale $6,200,000 -- $300 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1788290

Northwest Multiple Listing Service (NWMLS)