4501 38 Avenue SW, Seattle, WA 98126
- $4,400,000
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Berkshire Hathaway HS NW.
- Sold Price
- $4,400,000
- List Price
- $4,500,000
- Status
- SOLD
- MLS#
- 1137992
- Closing Date
- Oct 31, 2017
- Days on Market
- 28
- Annual Tax Ammount
- 23454
- Offer Review Date
- 2017-06-30
Property Description
Prime, Prime location w/ this incredible investment/development opportunity in the heart of the thriving Alaska Junction of West Seattle. Very unique property offers the option to keep current National tenants in place for a solid cash flow investment (7,500 sf building), and /or extensive future development possibilities w/ 14,375 sf of NC 365 zoning that would allow for approximately 80 residential units w/ excellent views. Absolutely amazing location next to Trader Joe's. Great Opportunity!
Additional Information
- Community
- Alaska Junction
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1946
- # of Assigned Spaces
- 20
- Roof
- Torch Down
- Tax Year
- 2016
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Concrete
- Flooring
- Concrete, Vinyl
- Driving Directions
- Next to Trader Joe's, just off Fauntleroy
- Other Expenses
- 1251
- Net Operating Income
- $177,071
- Gross Scheduled Income
- $204,901
- Cap Rate
- 4
- Total Expenses
- $27,830
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