Active

$4,300,850

Price

6,935

SqFt

6,935

SqFt

812 29th Avenue S

Seattle, Washington WA98144

Discover the ultimate investment opportunity near Lake Washington in Leschi. This commercial property features two 4-unit buildings, an extra 3,000 sq ft lot, and a total investment space of 15,000 sq ft. Each of the 8 units offers 800 sq ft of comfortable living space with 2 beds and 1 bath, along with convenient parking and storage options. With development potential and a prime location near downtown Seattle, this property is a smart investment choice. Don't miss out! Contact us now to schedule a viewing.

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About This Property

Schools

Walkscore

Overview

Listing ID2069641

Price$4,300,850

StatusActive

SqFt 6,935

Acres 0.344

CountyKing

SubdivisionCentral Area

Year Built1963

Property TypeResidential Income

Property Sub TypeMulti-Family

Primary Features

County King

Property Sub Type Multi-Family

Property Type Residential Income

Subdivision Central Area

Year Built 1963

Interior

Building Area Units Square Feet

Flooring Laminate

Furnished Unfurnished

Interior Features Laminate

Living Area Units Square Feet

Stories Total 3

External

Carport Spaces 1

Covered Spaces 6

Elevation Units Feet

Exterior Features Stone, Stucco

Foundation Details Slab

Lot Features Curbs

Lot Number 12

Lot Size Dimensions 100ftx150

Lot Size Square Feet 15000

Lot Size Units Square Feet

MLS Lot Size Source Public Records

Number Of Units Total 8

Parking Total 8

Roof Flat

Sewer Sewer Connected

Sewer Company city lights

Structure Type Multi Family

Style Code 55 - 5-9 Units

Units Below Grade false

Units In Building Total 8

Water Company city lights

Water Sewer Garbage 15026.36

Water Source Public

Location

Block 6

Building Area Total 6935

Country US

Elementary School Thurgood Marshall El

High School Garfield High

High School District Seattle

Middle Or Junior School Wash Mid

MLS Area Major 390 - Central Seattle

View Territorial

Waterfront no

Zoning Class See Remarks

Additional

Amenities Coin Op Laundry,Storage

Effective Year Built Source Public Records

First Right Of Refusal no

Mls Status Active

Offers Seller intends to review offers upon receipt

Possible Use See Remarks

Power Company city lights

Power Production Type Electric

Preliminary Title Ordered yes

Property Condition Good

Show Map Link yes

Year Built Effective 1990

Financial

Cap Rate 3.4

Gross Adjusted Income 192000

Gross Rent Multiplier 23.9

Gross Scheduled Income 180000

Insurance Expense 3500

Leasable Area 6408

Leasable Area Units Square Feet

Leased Items None

Net Operating Income 146968

Possession Closing, Tenant's Rights

Sale Type MLS

Seller Disclosure Provided

Special Listing Conditions None

Tax Annual Amount 26505.75

Tax Year 2022

Total Expenses 45032.11

Total Monthly Income 14800

Vacancy Rate 5

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812 29th Avenue S Seattle, WA 98144

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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. © 2023 NWMLS. All rights reserved. Data last updated: Thursday, June 1st, 2023 09:34:54 PM.

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