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Listed by Paragon Real Estate Advisors
$ 9,250,000
Est. payment | /mo
44 Beds
41 Baths
25,724 SqFt
$ 9,250,000
Est. payment | /mo
44 Beds
41 Baths
25,724 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,724 sqft
Price per Sqft $359
Subdivision Magnolia
MLS Listing ID 2446245
Style 56 - 10+ Units
Bedrooms 44
Year Built 1947
Annual Tax Amount $87,742
Lot Size 1.113 Acres
Property Sub-Type Multi Family
Property Description
Opportunities are Abundant! The Magnolia Portfolio offers a new investor the ability to acquire a 5 building assemblage suitable for a value add opportunity located in a core Seattle area. The current arrangement offers 41 residential units plus 2 commercial spaces and a single family house. All together the assemblage represents 48,462 square feet of LR3 (M) zoned dirt. The property is suitable for immediate development as multiple asset types depending on need allowing a new owner to operate the assets "as is" while navigating the permit process to maintain cash flow.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Wood Products
View Y/N No
Roof Type Flat
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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Jim Pullin
Managing Broker | Lic# 20106590