Active
$6,500,000
Price
4,658
SqFt
4,658
SqFt

3010 Fuhrman Avenue E

Seattle, Washington WA98102

The Portage Bay Properties // A truly extraordinary opportunity to own one of the largest waterfront assemblages on Portage Bay. With sweeping views and a storied history, this extraordinary residential compound offers unrivaled potential and a multitude of ownership or use scenarios. Originally platted as two lots, now one SF5000 zoned tax parcel totaling 15,500sf+ of uplands and shorelands, and a combined 50' of low bank waterfront, the property structures include a main house (legal duplex), beachfront cottage, and well-built deep-water 100'+ dock/marina together with four houseboat slips and two floating homes. Offering memorandum available for review.

About This Property

Listing ID1992216
Price$6,500,000
StatusActive
SqFt 4,658
Acres 0.357
CountyKing
SubdivisionPortage Bay
Year Built1953
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Portage Bay
Year Built 1953
Building Area Units Square Feet
Flooring Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet
Furnished Unfurnished
Heating Cooling Type Baseboard, Forced Air, Wall
Interior Features Forced Air, Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 2
Carport Spaces 2
Elevation Units Feet
Exterior Features Cement/Concrete, Wood, Wood Products
Foundation Details Poured Concrete
Lot Features Adjacent to Public Land, Curbs, Paved, Secluded, Sidewalk
Lot Size Dimensions 311 x 50
Lot Size Square Feet 15527
Lot Size Units Square Feet
MLS Lot Size Source KCR
Number Of Units Total 7
Open Parking Spaces 5
Parking Total 7
Parking Uncovered Spaces 5
Roof Composition, Flat
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade true
Units In Building Total 7
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available, Wood
Water Company Seattle Public Utilities
Water Source Public
Building Area Total 4658
Building Name Portage Bay
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 Lake, Mountain(s)
Waterfront yes
Waterfront Features Bank-Low, Lake, No Bank
Zoning Class Multi-Family,Residential
Zoning Jurisdiction City
Amenities Basement
Effective Year Built Source Public Records
First Right Of Refusal no
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family, Residential
Power Company Seattle City Light
Power Production Type Electric, Wood
Preliminary Title Ordered yes
Site Features Cable TV, Deck, Dock, Fenced-Partially, High Speed Internet, Patio, Rooftop Deck
Year Built Effective 1953
Cap Rate 2.39
Gross Adjusted Income 187056
Gross Rent Multiplier 34.75
Gross Scheduled Income 187056
Insurance Expense 5000
Leasable Area 4658
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 155552
Possession Negotiable, Tenant's Rights
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 26504.09
Tax Year 2022
Total Expenses 31504.09
Total Monthly Income 15588

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3010 Fuhrman Avenue E 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 07:29:22 PM.
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