Seattle,
Washington WA98122
Great development opportunity in the Central Area! This duplex is on a 4,153 square foot LR3 lot in the heart of the Central Area/First Hill/Capitol Hill urban zone. Sits adjacent to Seattle University and walking distance to Capitol Hill & the International district. LR3 (M) zoning with a FAR of 2.3 means you can build up to 9558 square feet. (Or up to 8000 SF with no design review) One scenario would be to build 4 to 8 four story town homes with great views of downtown from rooftop decks. The existing structure is a duplex. It has steady rental income, but the property is probably worth more as a building lot then as a rental. Buyer to verify all information.
Listing ID1868663
Sold For$900,000
StatusClosed
Sold Date6/10/2022
SqFt
1,990
Acres
0.095
CountyKing
SubdivisionCentral Area
Year Built1993
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Central Area
Year Built
1993
Building Area Units
Square Feet
Flooring
Hardwood, Vinyl
Furnished
Unfurnished
Heating Cooling Type
Forced Air
Interior Features
Forced Air, Hardwood
Living Area Units
Square Feet
Stories Total
2
Covered Spaces
1
Elevation Units
Feet
Exterior Features
Wood
Foundation Details
Poured Concrete
Lot Features
Paved, Value In Land
Lot Number
12
Lot Size Dimensions
34x125x33x125
Lot Size Square Feet
4156
Lot Size Units
Square Feet
MLS Lot Size Source
KCR
Number Of Units Total
2
Open Parking Spaces
1
Parking Total
2
Parking Uncovered Spaces
1
Roof
Composition
Sewer
Sewer Connected
Sewer Company
City of Seattle
Structure Type
Duplex
Style Code
52 - Duplex
Units Below Grade
false
Units In Building Total
2
Utilities
Sewer Connected, Natural Gas Connected
Water Company
City of Seattle
Water Source
Public
Block
2
Building Area Total
1990
Building Name
Flints Addition
Country
US
Elementary School
Buyer To Verify
High School
Buyer To Verify
High School District
Seattle
Middle Or Junior School
Buyer To Verify
MLS Area Major
390 - Central Seattle
View
City
Waterfront
no
Zoning Class
Residential
Zoning Jurisdiction
City
First Right Of Refusal
no
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Residential
Power Company
City of Seattle
Power Production Type
Natural Gas
Preliminary Title Ordered
yes
Property Condition
Fair
Show Map Link
yes
Buyer Financing
Conventional
Cap Rate
2.92
Gross Adjusted Income
40800
Gross Rent Multiplier
24.54
Gross Scheduled Income
43800
Insurance Expense
1300
Leasable Area
1870
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
31458
Possession
Closing, Tenant's Rights
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
8042
Tax Year
2021
Total Expenses
9342
Total Monthly Income
3300
1520 E Fir Street Seattle, WA 98122
Based on information submitted to the MLS GRID as of Friday, March 29th, 2024 12:37:45 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
#IDX-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of Windermere RE Greenwood
Listing sold by COMPASS
#IDX-listingMediaLinksClosed
Closed Listing courtesy of Windermere RE Greenwood
Listing sold by COMPASS