Bought with Windermere Real Estate Co.
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Key Details
Sold Price $2,650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,967 sqft
Price per Sqft $295
Subdivision Crown Hill
MLS Listing ID 1869424
Sold Date 02/09/22
Style 56 - 10+ Units
Year Built 1987
Annual Tax Amount $25,223
Lot Size 7,975 Sqft
Property Description
Positioned at the convergence of Seattle’s desirable Crown Hill and Greenwood neighborhoods approximately 7 miles north of SLU and downtown, Lakeland is a 1987-built structure priced below $220,000/unit. The property boasts 12 one-bed homes over a secured garage with 11 spaces. Its convenient location near Holman Road provides easy access to restaurants, services, and transit, and great walkability to parks and Pipers Creek. While profitable in its current operations, income upside opportunities include raising rents to market and increasing utility billbacks and parking charges. With its modern construction, potential income upside, and desirable residential location within a world-class metropolis, this is an exceptional opportunity.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Interior Features Forced Air
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Sewer Connected, Electric
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Loyal Heights
Middle Schools Whitman Mid
High Schools Ingraham High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Gini Anderson
Managing Broker | License ID: 27862
Managing Broker License ID: 27862