Prime Green Lake location just one block from the lake! This fully occupied five-unit property includes two buildings situated on a single tax parcel, offering a total of approximately 3,275 square feet of living space. The west building is a 3-bedroom, 1-bath home with approximately 1,280 square feet, while… Read More the east building consists of four 1-bedroom units. The units feature open floor plans and abundant natural light. Property improvements include updated roofs, siding, windows, exterior paint, and electrical systems. Unit #2 was recently remodeled. Additional features include separately metered electrical service, coin-operated laundry, and on-site storage units. With a historically low vacancy rate, strong rental demand, and opportunities to increase income, this property presents an attractive investment opportunity. LR3 zoning may provide additional development potential. Current cap rate: 6.15%. Read Less
Listing courtesy of Lotside
Listing Snapshot
Cumulative Days On Market
270
Days on Website
34
Last Updated
Property Type
Multi Family
Square Ft.
3,275
Lot Size
0.06 Acres
Year Built
1904
Property Tax
$11,177
MLS Number
2560133
30 Days Snapshot Of 98103
$985k
+9%
(avg) sold price
49
-30%
homes sold
47
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 3275, Building Area Units: Square Feet, Building Name: HILLMAN'S LAKE FRONT ADDITION, Calculated Square Footage: 3275, Construction Materials: Cement Plank, Elevation Units: Feet, Leasable Area: 3275, Living Area: 0, Number Of Units Total: 5, Stories Total: 2, Structure Type: Multi Family, Units In Building Total: 5, Year Built: 1904, Year Built Effective: 1925
Electric Expense: 257, Fuel Expense: 0, Power Company: Seattle City Light, Power Production Type: Electric, Water Company: Seattle PUD, Water Source: Public
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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