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Listed by Real Broker LLC Charles Burnett
$ 1,650,000
Est. payment | /mo
8 Baths
3,200 SqFt
$ 1,650,000
Est. payment | /mo
8 Baths
3,200 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $515
Subdivision Licton Springs
MLS Listing ID 2465411
Style 55 - 5-9 Units
Year Built 1986
Annual Tax Amount $11,916
Lot Size 3,760 Sqft
Property Sub-Type Multi Family
Property Description
8-unit building offering strong income potential and flexible operating strategies. Property is configured as hotel-style studios, each with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, allowing investors to operate as short-term or extended-stay lodging, or reposition as long-term rentals for stable cash flow. Features include high rent-per-square-foot potential, value-add upside, and ground-level parking with 8 spaces. Storage room on second floor is plumbed for laundry. First time on market; original owner with recent roof and major cap improvements completed. Convenient location with quick access to I-5 and Hwy 99, and close proximity to downtown, supporting strong and consistent rental demand.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Ceramic Tile, Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Garage Spaces 5.0
View Y/N Yes
View Territorial
Roof Type Torch Down
Building
Lot Description Curbs, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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