7320 35th Ave NE

    Seattle, WA 98115
    • $6,000,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 1557609
    UPDATED: 72 min ago
    $6,000,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Cbre Inc.

    Description

    Wedgwood Apts presents a unique opportunity to acquire an existing 20-unit apt community w/ detached commercial building suited for either a value-add reposition or future redevelopment. The community consists of studio, 1 & 2 bdrm apts. The 2 bdrm units have washers and dryers. Many units have views of Cascade Mntns and Lk Washington. The 35,800 sq-ft lot is mixed zoned LR2 (M) & NC2P-40(M), & could support a redevelopment of up to 33 townhouses while retaining the existing commercial building.

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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 Northern Key Realty | Compass Washington are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-03-28T18:15:00.623.

    www.northernkeyteam.com/homes/102532856

    7320 35th Ave NE Seattle, WA 98115

    • Price: $6,000,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 1557609
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    1968
    Built
    Neighborhood:
    Wedgwood
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    Elementary School:
    View Ridge
    Middle School:
    Eckstein Mid
    High School:
    Roosevelt High
    School District:
    Seattle
    Property Description
    Wedgwood Apts presents a unique opportunity to acquire an existing 20-unit apt community w/ detached commercial building suited for either a value-add reposition or future redevelopment. The community consists of studio, 1 & 2 bdrm apts. The 2 bdrm units have washers and dryers. Many units have views of Cascade Mntns and Lk Washington. The 35,800 sq-ft lot is mixed zoned LR2 (M) & NC2P-40(M), & could support a redevelopment of up to 33 townhouses while retaining the existing commercial building.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Wood Garage Spaces 0 Lot Details Paved Street Roof CompositionTorch Down Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 40 Uncovered Spaces 40

    Interior Features

    Floor Covering Laminate HardwoodWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 12 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 525 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 8 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 700 Unit2 Washer Dryer N Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 4.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyRetail Gross Adjusted Income 349824 Gross Rent Multiplier 17 Gross Scheduled Income 349824 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 8000 Leased Items None Lot Number 38-39 Net Operating Income 242113 New Construction YN No Other Expenses 48316 Possession ClosingSub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer AvailableSewer Connected Tax Amount 49638 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 107711 Total Expenses TEX 107711 Total Monthly Income 0 Unit1 Monthly Rent 1025 Unit2 Monthly Rent 1511 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Sewer Garbage 26258

    Listing information © 2020 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 Northern Key Realty | Compass Washington 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 Northern Key Realty | Compass Washington are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-03-28T18:15:00.623.

     
    Northern Key Realty | Compass Washington
    2033 6th Ave, #600
    Seattle WA, 98121
    Listing Courtesy of Cbre Inc.