122 20th Avenue E, Seattle, WA 98112

$3,000,000

Listing courtesy of Coldwell Banker Bain.

List Price
$3,000,000
Status
ACTIVE
MLS#
1777232
Price Change
▼ $550,000 1634090075
Days on Market
150

Property Description

Location, beautifully-maintained, most units updated with high-end finishes. Two buildings of 4 units each, Level site. Property is a short walk to Miller Park, restaurants on Madison. Parking in alley may potentially be converted to additional units. Zoned LR3 (M) potential for at least 4 floors with a possibility of 5 depending on bottom floor design, if bottom floor rises above grade by 4 feet, 40 plus units could be accommodated.

Additional Information

Community
Seattle
Building Condition
Good
Style
62 - Business Opp.
Year Built
1978
# of Assigned Spaces
8
Roof
Built-Up
Tax Year
2020
Potential Terms
Cash Out
Flooring
Vinyl, Carpet
Driving Directions
From Bellevue, take 520 West to Montlake Blvd exit, Left on 24th Ave E, Right on E Lk Washington Blvd, then left onto E Montlake Pl E, Right on E John St, Left onto 20th Ave E, on left 122 20th Ave E.
Heating/Cooling Type
Wall
Electric Expenses
911
Other Expenses
36171
Energy Source
Electric
Net Operating Income
$34,960
Gross Adjusted Income
$121,578
Gross Scheduled Income
$10,600
Water/Sewer/Garbage Expenses
$13,660
Cap Rate
1
Total Expenses
$86,316
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks