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    2600 1st Avenue

    Seattle, WA 98121
    • $7,200,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: 1772111
    UPDATED: 39 min ago
    $7,200,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Kidder Mathews.

    Description

    1st opened as a 25 bed hospital/nursing school, the property converted to apartments in 1919, and in 1976, the exterior of the building was designated a city landmark. Today, the building has 41 SRO apts averaging 174 SF, a 1-bed/1bath of 369 SF, 2 restaurant/commercial spaces, and a manager's space which contains plumbing/necessary utilities to convert to an additional SRO. Basement storage is only partially occupied by 1 of the commercial tenants. The SRO units have refrigerators and gas stoves, and SRO tenants share 10 common bathrooms with 6 showers & 8 toilets. Residents have access to a common laundry area in the basement, which also includes 2 large unused storage rooms/shops for owner or potentially retail or residential use.

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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 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 2021-06-17T21:14:42.24.

    www.home4investment.com/homes/117012391
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    2600 1st Avenue Seattle, WA 98121

    • Price: $7,200,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 1772111
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1903
    Built
    Neighborhood:
    Belltown
    County:
    King
    Area:
    Belltown/Downtown Seattle
    Elementary School:
    Lowell
    Middle School:
    Meany Mid
    High School:
    Garfield High
    School District:
    Seattle
    Property Description
    1st opened as a 25 bed hospital/nursing school, the property converted to apartments in 1919, and in 1976, the exterior of the building was designated a city landmark. Today, the building has 41 SRO apts averaging 174 SF, a 1-bed/1bath of 369 SF, 2 restaurant/commercial spaces, and a manager's space which contains plumbing/necessary utilities to convert to an additional SRO. Basement storage is only partially occupied by 1 of the commercial tenants. The SRO units have refrigerators and gas stoves, and SRO tenants share 10 common bathrooms with 6 showers & 8 toilets. Residents have access to a common laundry area in the basement, which also includes 2 large unused storage rooms/shops for owner or potentially retail or residential use.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Stucco Lot Features AlleyCorner LotCurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 0 Parking Uncovered Spaces 0 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Vinyl PlankCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 681948 Insurance Expense 15067 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 472558 New Construction YN No Possible Use BusinessCommercialMulti-FamilyOfficeRetail Power Production Type ElectricNatural Gas Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 54754 Tax Year 2021 Total Expenses 246365 Units In Building Total 46 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 62508 Water Source Public Zoning Class BusinessCommercialMulti-FamilyOfficeRetail Zoning Jurisdiction City

    Listing information © 2021 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 2021-06-17T21:14:42.24.

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