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    1609 N 46th Street

    Seattle, WA 98103
    • $4,000,000
    • STATUS: Pending
    • ON SITE: 55 days
    • ID#: 1758382
    Under Contract
    $4,000,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Trophy asset located a half block off the desirable 45th Street retail corridor in the coveted Wallingford neighborhood. The building has been well-maintained and presents an investor with a turnkey asset. Building offers 5 studio units and 9 " 1BD units along with 5 garage parking stalls and 5 storage lockers on the back of the lot. The units contain coved ceilings, hardwood floors and receive an abundance of natural light. The property has been updated with double pane vinyl windows, has sprinklers throughout the basement units and hallways, and has a coin-operated common laundry room. The building has also been implemented with RUBS. The lot totals 6,400 SF of LR2 RC (M) zoning providing an investor with future development potential.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robinett Group | Compass Washington/Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-15T00:14:08.067.

    www.robinettgroup.com/homes/116286980
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    1609 N 46th Street Seattle, WA 98103

    • Price: $4,000,000
    • Status: Pending
    • ID#: 1758382
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1926
    Built
    Neighborhood:
    Wallingford
    County:
    King
    Area:
    Ballard/Greenlake
    School District:
    Seattle
    Property Description
    Trophy asset located a half block off the desirable 45th Street retail corridor in the coveted Wallingford neighborhood. The building has been well-maintained and presents an investor with a turnkey asset. Building offers 5 studio units and 9 " 1BD units along with 5 garage parking stalls and 5 storage lockers on the back of the lot. The units contain coved ceilings, hardwood floors and receive an abundance of natural light. The property has been updated with double pane vinyl windows, has sprinklers throughout the basement units and hallways, and has a coin-operated common laundry room. The building has also been implemented with RUBS. The lot totals 6,400 SF of LR2 RC (M) zoning providing an investor with future development potential.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 5 Exterior Features BrickWoodWood Products Open Parking Spaces 0 Open Parking YN No Parking Total 5 Parking Uncovered Spaces 0 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring HardwoodVinyl Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Radiator Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 282576 Insurance Expense 4390 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 176610 New Construction YN No Possible Use Multi-Family Power Production Type Natural Gas Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 33351 Tax Year 2021 Total Expenses 94663 Units In Building Total 14 Utilities Sewer ConnectedNatural Gas Connected Water Sewer Garbage 20210 Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Robinett Group | Compass Washington/Seattle and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robinett Group | Compass Washington/Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-15T00:14:08.067.

     
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    The Robinett Group | Compass Washington/Seattle
    2033 6th Ave Suite 600
    Seattle WA, 98021
    Listing Courtesy of Paragon Real Estate Advisors.