Bought with RSVP Real Estate-ERA Powered
$1,493,000
$1,490,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
5,000 Sqft Lot
SOLD DATE : 02/16/2024
Key Details
Sold Price $1,493,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wallingford
MLS Listing ID 2179778
Sold Date 02/16/24
Style 55 - 5-9 Units
Year Built 1972
Annual Tax Amount $15,138
Lot Size 5,000 Sqft
Property Description
People love living in Wallingford! To own a solid MF property in such a strong, desirable location is a steal! The Whitman is a strong value-add opportunity. Current operations are profitable, with a significant potential for increased income. By adjusting rental rates and lowering operating expenses to align with the market, a new operator could likely boost income by approximately 35%. Residents love the central location, with convenient access to downtown Seattle, South Lake Union, and the Eastside, while living in a peaceful residential setting that offers an array of local amenities. Outdoor recreational venues in the immediate vicinity incl Gasworks Park, the Woodland Park Zoo, The Woodland Park and Green Lake Trail.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Stone, Wood
Amenities Available Deck, Fenced-Partially, Patio
Waterfront No
View Y/N No
Roof Type Flat
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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