807 6th Ave N
Seattle WA 98109
807 6th Avenue N
807 6th Ave N Seattle WA 98109
Listing #: 679077 | Status: Pending | Last Modified: 3/29/2024 |
For Sale
- Phone:(206) 812-9117
- Email:cjeney@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,595,000.0
- $/SF$ 514.2
- $/Unit$ 1,595,000.0
- Listing StatusPending
- Days on Market45
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income98,382
- Vacancy Factor %5.00%
- Operating Expenses29,072
- Net Operating Income64,390
- CAP Rate 4.35 %
- 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 4.35 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units4
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3102
- Net Rentable Area3102
- Total Office SF
- Largest Contiguous SF
- Lot SF4792
- Acres0.11
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaQueen Anne/Magnolia
- Tax ID #5458300560
- Additional Parcels
- ZoningLR3(M)
- # Covered Spaces1
- # Uncovered Spaces2
- Total Parking Spots3
- Parking Ratio
- Year Built1907
- Year Renovated1984
- Completion Date
- Roof Type
- Construction Type
Queen Anne 4
Attractive and well-maintained fourplex located at the edge of downtown in Queen Anne. Each unit has a living room, dining area and covered outdoor deck or patio area. The property has two tandem parking spaces as well as a one-car garage. A common laundry with owned equipment is shared amongst the four units. Currently all units are fully furnished. Currently 3 units are vacant and 1 units is on a short term lease. This opportunity offers multiple avenues for an investor to achieve a substantial return. Great owner/user opportunity or a new owner could elect to continue to run as short term rentals and achieve above market rents.
