3220 - 3224W Government Way
Seattle WA 98199
Magnolia 4 Apartments
3220 - 3224W Government Way Seattle WA 98199
Listing #: 663362 | Status: Available | Last Modified: 3/22/2023 |
For Sale
- Phone:(206) 300-8909
- Email:david@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Agent Phone:(206) 812-9137
- Agent Email:chad@westlakeassociates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,695,000.0
- $/SF$ 456.9
- $/Unit$ 1,695,000.0
- Listing StatusAvailable
- Days on Market28
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income103,664
- Vacancy Factor %2.13%
- Operating Expenses23,666
- Net Operating Income77,788
- CAP Rate 4.72 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 4.72 % }
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units4
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3710
- Net Rentable Area
- Total Office SF
- Largest Contiguous SF
- Lot SF6098
- Acres0.14
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #4235400175
- Additional Parcels
- ZoningLR3 RC
- Year Built1957
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Magnolia 4-plex For Sale
For sale the “Mag 4” apartments located in the popular neighborhood of Magnolia. The property consists of a triplex and a townhome. The Mag 4 is conveniently positioned on the north end of Magnolia along Government Way providing easy access to Discovery Park, Magnolias Village, Elliot Bay Bike trail and within walking distance to Metropolitan Market. The Mag 4 is only a 5-minute drive to Expedia’s Elliot Bay headquarters and only a 10-minute drive to downtown Seattle Central Business district and South Lake Union. The Mag 4 is a great owner occupant opportunity where someone can live in one unit and collect rental income from the other three units to offset living costs.
