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Key Details
Sold Price $1,045,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Georgetown
MLS Listing ID 2235519
Sold Date 06/27/24
Style 54 - 4-Plex
Year Built 1908
Annual Tax Amount $9,024
Lot Size 3,048 Sqft
Property Description
The property features one studio unit (non-conforming), two 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit. All of the units were remodeled about 5 years ago with hard surface flooring, updated kitchens, fresh paint and fixtures throughout. The property has been meticulously cared for by the current owner and has mature landscaping. Tenant in unit B will be vacating in mid May, making this an ideal opportunity for an owner-user. As an investment, the property has a current 5.7% CAP rate which can be improved by increasing current rents and charging for storage. This is a rare opportunity to own a clean and stabilized property in the heart of Georgetown.
Location
State WA
County King
Area 385 - Sodo/Beacon Hill
Interior
Fireplace Yes
Exterior
Exterior Feature Wood
Waterfront No
View Y/N No
Roof Type Built-Up
Building
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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