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    8214 Greenwood Avenue N

    Seattle, WA 98103
    • $5,750,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 1763776
    $5,750,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Trophy mixed use building located at 83rd and Greenwood. Property consists of 7 apartments plus 4 retail spaces (equivalent to 12 units) The building systems and units have experienced extensive upgrades. Commercial spaces are leased by well known established business with leases renewing mid 2021 thru 2023. Potential exists to develop on the lot or add units in the basement area (buyer to verify). This building offers the chance to purchase a well-known Seattle building with significant rental upside and possible future development potential. Financials shown are based on proforma figures and could be achieved over the course of the next couple of years.

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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 2021-05-18T00:15:11.64.

    www.home4investment.com/homes/116504632
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    8214 Greenwood Avenue N Seattle, WA 98103

    • Price: $5,750,000
    • Status: Active
    • ID#: 1763776
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1912
    Built
    Neighborhood:
    Greenwood
    County:
    King
    Area:
    Ballard/Greenlake
    School District:
    Seattle
    Property Description
    Trophy mixed use building located at 83rd and Greenwood. Property consists of 7 apartments plus 4 retail spaces (equivalent to 12 units) The building systems and units have experienced extensive upgrades. Commercial spaces are leased by well known established business with leases renewing mid 2021 thru 2023. Potential exists to develop on the lot or add units in the basement area (buyer to verify). This building offers the chance to purchase a well-known Seattle building with significant rental upside and possible future development potential. Financials shown are based on proforma figures and could be achieved over the course of the next couple of years.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Open Parking Spaces 19 Open Parking YN Yes Parking Total 19 Parking Uncovered Spaces 19 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No 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 415308 Insurance Expense 9092 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 323828 New Construction YN No Possible Use CommercialMulti-FamilyRetail Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 34577 Tax Year 2021 Total Expenses 70714 Units In Building Total 19 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 10307 Zoning Class CommercialMulti-FamilyRetail 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 2021-05-18T00:15:11.64.

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