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Listed by:Blake Investment Advisors • Gabe Blake
$ 1,749,000
Est. payment | /mo
8 Beds
8 Baths
3,760 SqFt
$ 1,749,000
Est. payment | /mo
8 Beds
8 Baths
3,760 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,760 sqft
Price per Sqft $465
Subdivision Queen Anne
MLS Listing ID 2532678
Style 55 - 5-9 Units
Bedrooms 8
Year Built 1945
Annual Tax Amount $24,338
Lot Size 7,680 Sqft
Property Sub-Type Multi Family
Property Description
$218K PER UNIT IN "A+" LOCATION WITH VALUE-ADD UPSIDE! | 717 3rd Ave N is an 8-unit apartment investment located on the desirable south slope of Queen Anne, offering residents walkable access to major employers, shopping, dining, the Space Needle, Seattle Center, and Climate Pledge Arena. The building was originally constructed in 1945 with wood framing and features copper plumbing, updated electrical panels, double-pane vinyl windows, brick veneer, and horizontal and vertical cedar lap siding. A private parking lot with eight stalls is located on the west side of the property. The building sits on a 7,860-square-foot lot zoned LR3, a popular low-rise zoning designation in Seattle that allows for the development of townhomes, apartments, and row houses. The property consists of eight one-bedroom, one-bathroom units, each averaging approximately 470 square feet. Each unit has been extensively updated with hardwood flooring, new granite countertops, electric baseboard heating, new cabinetry, new appliances, new lighting fixtures, new doors, and fully renovated bathroom fixtures. Additionally, two top-floor units feature private balconies. These efficient, modernized one-bedroom units are low-maintenance and require minimal capital investment upon turnover. An assumable loan with a 3.52% interest rate is available for qualified buyers.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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