Listed by Kidder Mathews, Bought with The Saki Group LLC
NOT LISTED FOR SALE
-- Bed
-- Bath
5,140 Sq Ft
7,504 Sq Ft Lot

Last Sold March 25, 2022

Last sale price $2,600,000 $506 Per Sq Ft

8 Days on Market

Highlights

  • Lake View
  • Wood Flooring
  • Wood Siding
  • Daniel Bagley Elementary School Rated A-
  • No HOA
  • 3-minute walk to Linden Orchard Park

About This Home

As of March 2022

Great investment property located next to Greenlake. First time available in 27 years. An 8 Unit value add opportunity with a clear path raising rents to market by 12% without any renovations. Thoroughly updated and maintained by long-term owner-user. Healthy mix of 4 2x1's and 4 1x1's with an average unit size of 643 SF. 12 parking spots with plenty of room for storage. Owners have made over $75K in renovations in the last couple of years improving roof, exterior lighting, staircases, plumbing, and much more. Ideally located across the street from Greenlake, countless amenities and close to Downtown. Please reach out for additional marketing materials.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 03/02/2022

Last Buyer's Agent

Julia Tsurusaki

The Saki Group LLC License #23651

The Saki Group LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1895272

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,979

Year Built

  • Built in 1963

Lot Details

  • 7,504 Sq Ft Lot
  • Property is in good condition

Property Views

  • Lake
  • Mountain

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,140 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Parking

  • 12 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • No Home Owners Association
  • Green Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3362401571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,979

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1963
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5140
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: None
  • Cumulative Days on Market: 363

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Hardwood, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Torch Down
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: SPU
  • WaterCompany: SPU
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 9065

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 3362401571
  • Lot Size Acres: 0.1723
  • Lot Size: 7504
  • Lot Size Sq Ft: 7504
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 28
  • LeasedItems: None
  • TotalMonthlyIncome: 12006

Multi Family

  • Gross Scheduled Income: 143880
  • Net Operating Income: 86711
  • Number Of Units Total: 8
  • Insurance Expense: 6101
  • Leasable Area: 5140
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 23979
  • AdditionalTaxIds: 3362401571

Range of Values:

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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
03/25/2022 03/25/22 Sold $2,600,000 +4.0% $506 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $2,500,000 -- $486 / 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: 1895272

Northwest Multiple Listing Service (NWMLS)