Bought with Paragon Real Estate Advisors
$1,800,000
$1,800,000
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4,619 SqFt
SOLD DATE : 10/12/2023
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,619 sqft
Price per Sqft $389
Subdivision Queen Anne
MLS Listing ID 2171606
Sold Date 10/12/23
Style 55 - 5-9 Units
Year Built 1962
Annual Tax Amount $17,825
Lot Size 6,000 Sqft
Property Description
The Emerson Apartments consists of 6 large 1 bedroom/1 bathroom units and 1 studio unit. Currently, all the units are being operated as fully furnished short-term rentals primarily renting to traveling nurses and corporate transferees. This unique opportunity allows a new owner to continue to improve the short-term rental operating strategy or transition the units into traditionally leased apartments. The value-add opportunity is renovating the units on turnovers before operating the units on longer-term traditional leases. The one-bedroom units offer spacious floor plans with a living room and a dining area off the kitchen. Most of the units have hardwood style flooring and there are 7 parking spots, one for each unit.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace No
Exterior
Exterior Feature Wood Products
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
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