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5234 University Wy NE, Seattle, WA 98105 (MLS # 1318011)

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Listing provided by RE/MAX Metro Realty, Inc.

PRICE $4,900,000
SIZE n/a
LOT SIZE 4,650 sqft

Income producing property with 17 residential and 2 commercial units. Potential abounds with NC3P65 zoning in the rezoned University district of Seattle. Continue to get rents while permitting, or do a value add remodel using IRS 481(a) adjustment cost segregation of this classic 1928 period building. Potential to rebuild to 7-story, 40 unit building. Current rent rolls available upon request. Buyers to verify all investment potential to their satisfaction. Coin-Op laundry onsite.

DAYS ON MARKET 86 LAST UPDATED 8/14/2018
YEAR BUILT 1928 COMMUNITY University District
COUNTY King STATUS Active
PROPERTY TYPE(S) Commerical / Industrial

PRICE HISTORY
Prior to Jul 23, '18 $5,700,000
Jul 23, '18 - Today $4,900,000


ADDITIONAL DETAILS
ANNUAL TAXES 38783
APN 8816400645
APPROXIMATE BUILDING SQUARE FEET 13873
APPROXIMATE OFFICE SQUARE FEET 0
AREA 710 - North Seattle
BANK/REO OWNED N
CAP RATE (NOI / LP) 2.30
ELECRICAL EXPENSES 1497
ENERGY SOURCE Natural Gas
FLOOR COVERING Hardwood, Vinyl, Wall to Wall Carpet
FORM 17 Provided
FREE AND CLEAR N
GENERAL ZONING Commercial, Multi-Family, Retail
GROSS ADJUSTED INCOME 228601
GROSS SCHEDULED INCOME 240633
HEATING AND COOLING Radiator
LOT 27-28
LOT TOPOGRAPHY/VEGETATION Level, Sloped
NET OPERATING INCOME 133358
NUMBER OF AVAILABLE PADS 0
OFFERS Reviewed on receipt
POSSESION Closing, See Remarks, Sub. Tenant's Rights
POTENTIAL TERMS Cash Out, Conventional
POWER SERVICE IN AMPS 0
PROPERTY TYPE COMI
ROOF Flat
SEWER Sewer Connected
SITE FRONTAGE 0
SQUARE FEET UNIT 1 880
SQUARE FEET UNIT 2 880
SQUARE FEET UNIT 3 250
SQUARE FEET UNIT 4 0
SQUARE FEET UNIT 5 0
SQUARE FEET UNIT 6 300
STYLE 61 - Comm Bldg Ovr 10K
TAX YEAR 2018
TOTAL EXPENSES 95243
VACANCY RATE 5
WATER SOURCE Public
Listing provided by RE/MAX Metro Realty, Inc.

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2018. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2018 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by Team Reba of RE/MAX Metro Realty and should be verified by the buyer.
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ZESTIMATE
$5198714  5234 University Wy NE, Seattle, WA

RENT ZESTIMATE
$ / mo.  5234 University Wy NE, Seattle, WA

97 Walker's Paradise



 
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