812 29th Ave S

    Seattle, WA 98144
    • $4,800,000
    • STATUS: Active
    • ON SITE: 316 days
    • ID#: 1305918
    UPDATED: 126 min ago
    $4,800,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,408
      SQFT
    • $749
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Re/Capitol Hill,Inc.

    Description

    First time on market in 55 years. Amazing opportunity to own two 4 plex buildings and one vacant lot in the epicenter of a hot thriving urban community. 3 lots totaling 15,000sq ft, all zoned LR2 for massive future development potential! Or improve current building interiors to increase already steady rents. Just 7 blocks away from the cool Jackson/23rd project that will provide grocery store, shops, restaurants & a public promenade. Great income investment with sweet development possibilities!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-21T00:15:42.003.

    www.kimberlygartlandgroup.com/homes/84415027

    812 29th Ave S Seattle, WA 98144

    • Price: $4,800,000
    • Status: Active
    • Updated: 126 min ago
    • ID#: 1305918
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    6,408
    SQFT
    $749
    $/SQFT
    1963
    Built
    Neighborhood:
    Central Area
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    Elementary School:
    Thurgood Marshall El
    Middle School:
    Wash Mid
    High School:
    Garfield High
    School District:
    Seattle
    Property Description
    First time on market in 55 years. Amazing opportunity to own two 4 plex buildings and one vacant lot in the epicenter of a hot thriving urban community. 3 lots totaling 15,000sq ft, all zoned LR2 for massive future development potential! Or improve current building interiors to increase already steady rents. Just 7 blocks away from the cool Jackson/23rd project that will provide grocery store, shops, restaurants & a public promenade. Great income investment with sweet development possibilities!
    Exterior Features

    Building Condition Average Carport Spaces 1 Exterior Stucco Garage Spaces 6 Lot Details CurbsOpen SpacePaved StreetSidewalkValue In Land Roof Flat Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 9 Uncovered Spaces 2 View Territorial

    Interior Features

    Floor Covering Laminate TileWall to Wall Carpet Heating And Cooling BaseboardWall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 800 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 800 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 800 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 800 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 800 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 800 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 7.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 66847 Gross Rent Multiplier 49 Gross Scheduled Income 102000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5118 Leased Items None Lot Number 1112South 1/2 Of 13 Net Operating Income 35153 New Construction YN No Other Expenses 0 Possession Sub. Tenant's Rights Power Company Seattle City Light Right Of First Refusal No Septic Approved For Number Of Bedrooms 16 Sewer Sewer Connected Sewer Company Seattle Utilities Site Features DeckShop Tax Amount 16235 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 32153 Total Expenses TEX 32153 Total Monthly Income 8500 Unit1 Monthly Rent 1400 Unit2 Monthly Rent 800 Unit3 Monthly Rent 0 Unit4 Monthly Rent 1200 Unit5 Monthly Rent 1400 Unit6 Monthly Rent 900 Vacancy Rate 0 Water Company Seattle Utilities Water Sewer Garbage 13800 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-21T00:15:42.003.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Windermere Re/Capitol Hill,Inc.