Listing Detail - For Sale

Andover 6-Plex
 
$1,350,000

Listing ID# 535080
 
Andover 6-Plex
3917-3923 California Ave SW
Seattle WA 98116

County: King

TB Map: 594/E4

Listing Type: Multi-Family, Land

$ 104.03 per Land SF

$ 4,500,000 per Acre



Second Address:
4306- Andover St
Seattle, WA 98116


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For More Information Contact:
Mark Peizer - Peizer Commercial Real Estate, LLC
Phone: (206) 909-3314 | Fax: 425-868-8928 | Email: click here

Property Summary - Andover 6-Plex

Property Type: Multi-Family, Land Year Built: 1943
Total Building SqFt: 6,300 Total SqFt of Lot: 12,977
Total Rentable Area: 6,300 Total Acres of Lot: 0.30
Total Units: 6 Cap Rate: 3.22
Status: Sold Number of Floors: 2
NOI: 43,507 Construction Type: Framed, Wood
General Zoning: LR3 RC

Description

Andover 6-Plex (Proposed 12-Townhome Site)  -  Andover 6-Plex
Strategically located on the Northwest corner of California Ave. S.W. and S.W. Andover St., the Property includes two (2) separate Properties -- a 4-Plex parallel to California Ave. S.W. at 3917-3923 California Ave. S.W. and a Duplex perpendicular to 4-Plex located at 4306-4608 S.W. Andover St. The Property lies between the popular Alaska Junction and Admiral District. Since the Site is on the west (view) side of street, the Olympic Mountains and Puget Sound can be viewed from rooftops of Subject. The existing units sit high on a modest berm and boast hardwood floors, gas heat, huge unfinished basements and are currently rented for approx. $1,000 per month. Tenants also enjoy the off-street parking with excellent ingress & egress off of a paved alley between Andover & Charlestown.


All information provided is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable but is not guaranteed and should be independently verified.