Bought with Westlake Associates, Inc.
$2,480,000
$2,510,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
6,120 Sqft Lot
SOLD DATE : 09/29/2023
Key Details
Sold Price $2,480,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Maple Leaf
MLS Listing ID 2133414
Sold Date 09/29/23
Style 55 - 5-9 Units
Year Built 1991
Annual Tax Amount $26,283
Lot Size 6,120 Sqft
Lot Dimensions 6120
Property Description
1st time on market since it was built in 1991, the Chalet is a rare opportunity to own a quality mixed-use building in a popular residential area of Maple Leaf. 5 townhome units, 1 studio w private balcony, & 2 commercial spaces. Generously-sized at approx. 1200 sf, the TH units feat 2-beds/1.5-bh offering an abundance of natural light. The commercial office suites have to 2 private restrooms & addtl storage. Well-maintained w/ secure street-level garage parking. Common laundry w/ 2 sets of leased W/D. Fully rented w/ low historic vacancy. This is the perfect opportunity for an investor to realize significant rental upside & maximize rental income through a light value-add renovation & taking advantage of additional efficiencies.
Location
State WA
County King
Area 710 - North Seattle
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Vinyl Plank, Carpet
Fireplace No
Exterior
Exterior Feature Cement Planked
Amenities Available Deck, Gas Available, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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