Bought with ZNonMember-Office-MLS
$2,400,000
$2,700,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
7,468 SqFt
SOLD DATE : 11/30/2022
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,468 sqft
Price per Sqft $321
Subdivision Queen Anne
MLS Listing ID 1947835
Sold Date 11/30/22
Style 56 - 10+ Units
Year Built 1945
Annual Tax Amount $21,296
Lot Size 9,000 Sqft
Property Sub-Type Multi-Family
Property Description
Positioned in Seattle's desirable North Queen Anne neighborhood, Posada Apartments is within walking distance of Seattle Pacific University and is an easy commute to South Lake Union and Downtown Seattle with their many prestigious employers. Posada Apartments' 11 units offer a new investor the likely opportunity for significant upside in the form of increased rents and monthly charges for laundry, utilities, and parking, as well as the option to build out one down unit to begin collecting even more rent. With desirable features including nine parking spaces, on-site laundry, storage, and several remodeled units, Posada Apartments is an excellent investment opportunity.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Forced Air
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood
Utilities Available Sewer Connected, Electric
View Y/N Yes
View Partial
Roof Type Composition,Flat
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Frantz Coe Elementary
Middle Schools Mc Clure Mid
High Schools Lincoln High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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