2415 8th Ave N

    Seattle, WA 98109
    • $2,450,000
    • STATUS: Pending
    • ON SITE: 59 days
    • ID#: 1479275
    Under Contract
    UPDATED: 61 min ago
    $2,450,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,760
      SQFT
    • $362
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Price Reduced! 9-unit (including one non-conforming unit) building located on the east side of Queen Anne near South Lake Union and Downtown Seattle. This is the first time the Sherri Lee has been marketed for purchase since it was built in 1962. This is an extremely rare opportunity for an investor to acquire an asset with views of Lake Union and repositioning upside.

    Monthly Payment Calculator



    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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-20T18:16:35.447.

    www.home4investment.com/homes/96177112

    2415 8th Ave N Seattle, WA 98109

    • Price: $2,450,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: 1479275
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,760
    SQFT
    $362
    $/SQFT
    1962
    Built
    Neighborhood:
    Queen Anne
    County:
    King
    Area:
    Queen Anne/Magnolia
    School District:
    Seattle
    Property Description
    Price Reduced! 9-unit (including one non-conforming unit) building located on the east side of Queen Anne near South Lake Union and Downtown Seattle. This is the first time the Sherri Lee has been marketed for purchase since it was built in 1962. This is an extremely rare opportunity for an investor to acquire an asset with views of Lake Union and repositioning upside.
    Exterior Features

    Carport Spaces 6 Exterior Cement/Concrete Foundation Poured Concrete Garage Spaces 0 Roof Flat Stories In Building 4 Style 55 - 5-Plex Total Parking Spaces 6 Uncovered Spaces 0

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 770 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 770 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 770 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 770 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 770 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 770 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.50 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 216576 Gross Rent Multiplier 10 Gross Scheduled Income 225600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3100 Leased Items None Net Operating Income 159369 New Construction YN No Other Expenses 15762 Possession ClosingSub. Tenant's Rights Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 23972 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 57207 Total Expenses TEX 57207 Total Monthly Income 18800 Unit1 Monthly Rent 1995 Unit2 Monthly Rent 1995 Unit3 Monthly Rent 1995 Unit4 Monthly Rent 1995 Unit5 Monthly Rent 1995 Unit6 Monthly Rent 1995 Vacancy Rate 4 Water Sewer Garbage 14373 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 Ben Kinney Real Estate Team - Keller Williams Western 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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-08-20T18:16:35.447.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Paragon Real Estate Advisors.