Rare opportunity to acquire a 7-unit apartment building featuring exceptionally large, condo-sized residences in Seattle’s desirable Magnolia neighborhood. Each unit offers approximately 1,300 SF with 2 bedrooms and 1.75 bathrooms, providing floor plans and living space rarely found in comparable rental properties. Originally constructed as part of the Eldorado Block… Read More condominium development, the units feature wood-burning stone fireplaces, in-unit washers and dryers, spacious primary suites with walk-in closets, exterior-vented range hoods and generous storage. The building has benefited from numerous improvements over the years, including updates to plumbing, electrical, roofing, siding, decks and windows. A unique opportunity to acquire an apartment asset with true condo-sized units and amenities that differentiate it from the surrounding rental market. Read Less
Listing courtesy of Paragon Real Estate Advisors
Listing Snapshot
Cumulative Days On Market
36
Last Updated
Property Type
Multi Family
Square Ft.
9,142
Lot Size
0.16 Acres
Year Built
1968
Property Tax
$26,776
MLS Number
2578716
Additional Details
Building
Built in 1968, 4 stories, Construction Materials: Stone, Wood
Cooling
None
Expenses
Insurance: $7,700, Other Expense: $18,450
Exterior Features
Stone, Wood Products
Floors
Engineered Hardwood, Vinyl, Carpet
Foundation
Poured Concrete
Garage
1 space
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $234,480, Net Operating Income: $158,675
Lot
0.158 acres
Parking
6 carport spaces, 7 covered spaces, 7 total parking spaces
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 ,
Confirm your time
Fill in your details and we will contact you to confirm a time.