4450 Green Lake Way N new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98103
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,105 sqft
Price per Sqft $588
Subdivision Wallingford
MLS Listing ID 2334643
Style 56 - 10+ Units
Year Built 1905
Annual Tax Amount $22,909
Lot Size 4,838 Sqft
Property Sub-Type Multi-Family
Property Description
Wallingford X is a 25-unit multifamily property (18 studios, 7 - 1 bedroom/1 bathroom) perched above the vibrant and highly sought-after Wallingford neighborhood. The units feature lake, city, and territorial views that charms tenants and keeps the property at high occupancy. The asset is fully occupied for the next 4 years with 4% annual increases. Each unit offered fully furnished was renovated with brand new flooring, new hardware, fixtures, and trim, and the owners installed new kitchens & kitchenettes. Wallingford X represents a strong value-add investment with its current rents providing steady cash-flow and opportunity for significant upside from market rents and future redevelopment of up to 66 SEDU or 77 congregate housing units.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate
Exterior
Exterior Feature Wood
View Y/N Yes
View City,Lake,Mountain(s)
Roof Type Torch Down
Building
Lot Description Corner Lot,Secluded,Sidewalk,Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Bf Day
Middle Schools Hamilton Mid
High Schools Lincoln High
School District Seattle
Others
Acceptable Financing Cash Out,Conventional,Owner Financing
Listing Terms Cash Out,Conventional,Owner Financing