Bought with Windermere Real Estate Central
$3,400,000
$3,300,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
7,830 SqFt
SOLD DATE : 01/24/2022
Key Details
Sold Price $3,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,830 sqft
Price per Sqft $434
Subdivision Queen Anne
MLS Listing ID 1859561
Sold Date 01/24/22
Style 56 - 10+ Units
Year Built 1909
Annual Tax Amount $31,635
Lot Size 6,400 Sqft
Lot Dimensions 6400
Property Sub-Type Multi-Family
Property Description
A pride of ownership 10-unit building nestled on the top of Queen Anne hill. Built in 1909, a mix of vintage appeal w/ modern kitchen & bath appointments. Nine large 1BRs w/ formal den & one 2BR. Apprx $250,000 in recent cap ex: new appliances, refinished flooring, new roof, sewer line replacement, wtr heaters & common area carpets. Upgrades: electrical, fencing, drainage, patio, siding repairs & paint. Current two bedroom configuration shows a possible pathway to reconfigure existing 1-bedroom units into 2-bedroom units, capturing addt'l rental upside. First time to market in 25 years, The Maywood offers investors an opportunity to own 10 stabilized units on the top of Queen Anne with potential to capture additional revenue over time.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Hardwood
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Brick
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Fully, High Speed Internet, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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