1501 31 Ave S
Seattle WA 98144
Mount Baker 5
1501 31 Ave S Seattle WA 98144
Listing #: 684694 | Status: Pending | Last Modified: 9/25/2024 |
For Sale
- Phone:(206) 604-3400
- Email:cchevaillier@lee-associates.com
- Office Name:Lee & Associates Comm R.E Serv
- Office Phone:(206) 624-2424
- Office Website:www.lee-nw.com
- Agent Phone:(206) 773-2696
- Agent Email:dlim@lee-associates.com
- Agent Phone:(206) 773-2680
- Agent Email:dsumantri@lee-associates.com
- Agent Phone:(925) 719-3480
- Agent Email:clarsen@lee-associates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,725,000.0
- $/SF$ 514.9
- $/Unit$ 1,725,000.0
- Listing StatusPending
- Days on Market63
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income125,343
- Vacancy Factor %5.00%
- Operating Expenses41,186
- Net Operating Income77,889
- CAP Rate 4.88 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.88 %
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units5
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3350
- Net Rentable Area3350
- Total Office SF
- Largest Contiguous SF
- Lot SF6011
- Acres0.14
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross StreetS Atlantic St
- Market AreaS. Seattle
- Tax ID #6909700245
- Additional Parcels
- ZoningLR1(M)
- Year Built1927
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Mt. Baker 5 Units - Stunning Seattle Views
Our team is pleased to present a rare opportunity to acquire five units in the Mt. Baker Ridge neighborhood of Seattle. This pride of ownership property consists of two buildings a duplex and a triplex with four 2-bedroom units and an open 1-bedroom loft. All units feature skyline views, hardwood floors, upgraded kitchens and baths. The buildings share common laundry, off-street parking and mature landscaping. Well maintained, the buildings received updated wiring and electrical panels for all units, new roofs and a new water main in 2023. Identical structures, ownership added a permitted fifth unit in one and there is potential to convert the similar storage space in the second building to a sixth unit and additionally, serves a potential future redevelopment (buyer to verify). With only
