Pending
$1,075,000
Price
1,990
SqFt
1,990
SqFt

1520 E Fir Street

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. Please do not walk the site or disturb the occupants.

About This Property

Listing ID1868663
Price$1,075,000
StatusPending
SqFt 1,990
Acres 0.095
CountyKing
SubdivisionCentral Area
Year Built1993
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
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 Pending Feasibility
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
Cap Rate 3.2
Gross Adjusted Income 43800
Gross Rent Multiplier 24.5
Gross Scheduled Income 43800
Insurance Expense 1300
Leasable Area 1870
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 34458
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

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1520 E Fir Street Seattle, WA 98122

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The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Saturday, January 22nd, 2022 09:03:14 PM.
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