Bought with Lee & Associates Commercial RE
$4,300,000
$4,300,000
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8,430 SqFt
SOLD DATE : 02/23/2021
Key Details
Sold Price $4,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,430 sqft
Price per Sqft $510
Subdivision Queen Anne
MLS Listing ID 1687771
Style 56 - 10+ Units
Year Built 1955
Annual Tax Amount $37,207
Lot Size 7,670 Sqft
Property Description
Vali Loa consists of 13 units on the South Slope of Queen Anne. The unit mix consists of 1 & 2bedroom units. This three-story asset sits on a sizable 7,670 square foot, LR3 (M) site 1 block off Queen Anne Ave & Roy Street. Initial feasibility indicates the ability to add a unit (buyer to verify). First time to market in over 22 yrs, this asset appeals to multiple investment strategies, offering rental upside from capturing loss to lease, value-add scenarios, add'l unit & covered land play.
Location
State WA
County King
Area _700Queenannemagno
Interior
Flooring Hardwood, Carpet
Exterior
Exterior Feature Brick
Utilities Available Sewer Connected, Electric
View Y/N Yes
View City, Territorial
Roof Type Flat
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out, Conventional, FHA
Listing Terms Cash Out, Conventional, FHA
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