Bought with Lee & Associates Commercial RE
$2,220,000
$2,200,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
6542 4th AVE NE Seattle, WA 98115
6,018 SqFt
Key Details
Sold Price $2,220,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,018 sqft
Price per Sqft $368
Subdivision Green Lake
MLS Listing ID 2007966
Sold Date 02/28/23
Style 55 - 5-9 Units
Year Built 1962
Annual Tax Amount $19,171
Lot Size 8,000 Sqft
Lot Dimensions 8,000
Property Description
Steps from Green Lake, the 7-unit Joseph Apts is well maintained with significant updates to systems. Capital improvements include replacement and rewiring of the electrical main and sub panels, installation of copper supply mains, side sewer line replacement and recent exterior painting. Most units feature updates, laying the groundwork for additional unit updates and renovations. The sizable 2-bedroom owner's unit features an in-unit washer and dryer as well as new counters, cabinets and fixtures in the bathroom. With three units vacating at or near closing, the Joseph presents investors with a unique opportunity to reposition a well-located Green Lake asset and achieve projected returns within a condensed timeframe.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick
View Y/N Yes
View See Remarks
Roof Type Flat
Building
Lot Description Paved
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Seattle Public Sch
Middle Schools Seattle Public Sch
High Schools Seattle Public Sch
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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