Active
$8,700,000
Price
13,968
SqFt
13,968
SqFt

2300 Fairview Avenue N

Seattle, Washington WA98102

Pete’s Market opened on January 2nd, 1974 and quickly became the “House of Wines.” Not only just an Eastlake neighborhood favorite, Pete’s attracts visitors from all over the region. Pete’s Market was fully renovated in 2019. Located above Pete’s Market are ten luxurious, spacious, and fully remodeled apartment units. The units consist of four – one bedroom one bathroom units averaging 734 square feet, two – one bedroom one bathroom plus den units that average 797 square feet, two – one bedroom plus den and balcony units that average 809 square feet, and two – two bedroom one bathroom units plus balcony that average 879 square feet.

About This Property

Listing ID1989590
Price$8,700,000
StatusActive
SqFt 13,968
Acres 0.254
CountyKing
SubdivisionEastlake
Year Built1965
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Eastlake
Year Built 1965
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Brick, Wood Products
Lot Size Square Feet 11042
Lot Size Units Square Feet
MLS Lot Size Source King County
Number Of Units Total 12
Open Parking Spaces 17
Parking Total 17
Parking Uncovered Spaces 17
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 14987
Building Area Total 13968
Country US
High School District Seattle
MLS Area Major 390 - Central Seattle
Waterfront no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Production Type Electric
Preliminary Title Ordered no
Cap Rate 4.5
Gross Adjusted Income 489597
Gross Rent Multiplier 16.88
Gross Scheduled Income 515366
Insurance Expense 5950
Leasable Area 13968
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 391766
Other Expense 38707
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 38187
Tax Year 2022
Total Expenses 97831
Total Monthly Income 42947
Vacancy Rate 5

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2300 Fairview Avenue N Seattle, WA 98102

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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: Tuesday, October 4th, 2022 05:26:42 PM.
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