Arun Apartments PERMITTED Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle’s most supplyconstrained and sought-after multifamily submarkets. Beyond… Read More the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income. Read Less
Listing courtesy of Pacific Crest
Listing Snapshot
Cumulative Days On Market
174
Days on Website
250
Last Updated
Property Type
Multi Family
Square Ft.
13,200
Lot Size
0.24 Acres
Year Built
1940
Property Tax
$19,671
MLS Number
2452589
30 Days Snapshot Of 98109
$1.11M
-11%
(avg) sold price
24
-33%
homes sold
85
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 13200, Building Area Units: Square Feet, Calculated Square Footage: 13200, Elevation Units: Feet, Leasable Area: 13200, Living Area: 0, Number Of Units Total: 6, Stories Total: 4, Structure Type: "Multi Family", Units In Building Total: 5, Year Built: 1940, Year Built Effective: 2008
Expenses
Other Expense: 18268
Exterior Features
Exterior Features: "See Remarks"
Fireplaces
Fireplaces Total: 0
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 86762
Lot
Features: "Adjacent to Public Land", "Alley", "Paved", "Value In Land", 0 acres, 10600 square feet
Sewer: "Sewer Connected", Sewer Company: Seattle Public Utilities
Utilities
Electric Expense: 2232, Fuel Expense: 0, Power Company: Seattle Public Utilities, Power Production Type: "Electric", Water Company: Seattle Public Utilities
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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