LISTING DETAILS

Mount Baker 5

1501 31 Ave S Seattle WA 98144

Listing #: 684694 | Status: Pending | Last Modified: 9/25/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	125,343
Vacancy Factor %	5.00%
Operating Expenses	41,186
Net Operating Income	77,889
CAP Rate	4.88 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	4.879

Building Information
Building Status	Existing
# of Buildings	2
# of Floors	2
# of Units	5
Total Building SF	3,350 SF
Net Rentable Area	3,350 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	6,011 SF
Acres	0.14
Year Built	1927

Property Type
Property Type	Multi-Family

Location
County	King
Cross Street	S Atlantic St
Market Area	S. Seattle
Tax ID #	6909700245
Zoning	LR1(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: 9/25/2024 | Email Listing

For Sale

Mount Baker 5

Listing Images