Bought with Kelly Right RE of Seattle LLC
$2,300,000
$2,700,000
14.8%For more information regarding the value of a property, please contact us for a free consultation.
6,166 SqFt
SOLD DATE : 09/13/2024
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,166 sqft
Price per Sqft $373
Subdivision Westlake
MLS Listing ID 2248613
Sold Date 09/13/24
Style 55 - 5-9 Units
Year Built 1959
Annual Tax Amount $27,559
Lot Size 7,600 Sqft
Property Description
Waverly Court (WC) is an 8-unit apt building in East Queen Anne. Conveniently located between Fremont, QA, and South Lake Union, WC is walking distance to local amenities & major tech employers such as Meta & Google. Attractive unit mix: One 1x1 & and Seven 2x1 w/ some upper floor units offering peekaboo water views. Avg. size of nearly 800sf, 2 units have updated kitchen and 5 units has LVT flooring. Tenants have access to private common patio, designated parking & common laundry. By updating the units and modernizing the systems and amenities, investors are poised to realize over 27% potential rental upside. WC makes an excellent investment for investors looking to secure a prime location and maximize their returns through value-add play.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Wall to Wall Carpet
Flooring Carpet
Fireplace Yes
Exterior
Exterior Feature Brick, Stucco
Amenities Available Fenced-Partially, Patio
Waterfront No
View Y/N Yes
View Lake, Territorial
Roof Type Flat
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
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