LISTING DETAILS

Mount Baker 5

1501 31 Ave S Seattle WA 98144

Listing #: 684694 | Status: Pending | Last Modified: 12/20/2024

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income125,343
Vacancy Factor %5.00%
Operating Expenses41,186
Net Operating Income77,889
CAP Rate4.88 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Financial Summary
CAP Rate4.879
Building Information
Building StatusExisting
# of Buildings2
# of Floors2
# of Units5
Total Building SF3,350 SF
Net Rentable Area3,350 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF6,011 SF
Acres0.14
Year Built1927
Property Type
Property TypeMulti-Family
Location
CountyKing
Cross StreetS Atlantic St
Market AreaS. Seattle
Tax ID #6909700245
ZoningLR1(M)

Mt. Baker 5 Units - Stunning Seattle Views

Public Comments

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

Mount Baker 5
1501 31 Ave S Seattle WA 98144

Listing #: 684694 | Status: Pending | Listing Date: 7/26/2024 | Last Modified: 12/20/2024 | Email Listing

For Sale

Mount Baker 5

Listing Images