Bought with Windermere R.E. Shoreline
$6,100,000
$6,100,000
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20,680 SqFt
SOLD DATE : 01/20/2022
Key Details
Sold Price $6,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 20,680 sqft
Price per Sqft $294
Subdivision Briarcrest
MLS Listing ID 1788290
Sold Date 01/20/22
Style 56 - 10+ Units
Year Built 1978
Annual Tax Amount $72,624
Lot Size 0.558 Acres
Property Description
The Bluestone Apartments, located just outside of Seattle city limits, provides an opportunity to acquire a 26-unit property with all the gut renovations completed. All 26 units have been renovated within the last 5 years. Renovations include granite countertops - kitchen and bathrooms, wood cabinets, new light fixtures and more. The asset provides new ownership with an immediate upside with proven rents and with all current tenants in good standing. Bluestone is ideally located blocks away from the new light rail station opening in 2024 with direct access to Seattle. New ownership will enjoy an ideal location with added appreciation.
Location
State WA
County King
Area 720 - Lake Forest Park
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Shoreline
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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