Bought with Lee & Associates Commercial RE
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $576
Subdivision Capitol Hill
MLS Listing ID 2205242
Sold Date 05/15/24
Style 55 - 5-9 Units
Year Built 1906
Annual Tax Amount $15,087
Lot Size 4,980 Sqft
Property Description
Capitol Hill 5 unit west facing towards Seven Hills Park across the street, features good natural light exposure & views from the top floor. Units have received updates on turnover with most units receiving laminate floors & appliances. The building received Milgard insulated window replacements in 2017. 4 Off-street parking spots. The building is steps from the charming cafes, restaurants & shops of the 15th Ave retail corridor. Current rents are well below market & 2 units will be delivered vacant allowing investors to reset rents or commence updates upon closing or convert to SFR. A desirable location that provides a high quality of living experience, 1806 16th Ave offers significant operational upside within the Seattle core.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Interior Features Wall to Wall Carpet
Flooring See Remarks, Vinyl, Carpet
Fireplace Yes
Exterior
Exterior Feature Metal/Vinyl
Waterfront No
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Adjacent to Public Land, Alley, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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