Call Us Contact
Listing provided by NWMLS, courtesy of Keller Williams Downtown Sea

My notes for this property


Add listing to my favorites (required)
Sold
Sold
$2,300,000  (list price)
$2,300,000
/mo   Edit
MLS# 1537950
Commercial/Industrial
Built 1950
0.453 acres
My rating:
Request a Showing:
Agent
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.







    Thank You!

    An agent will be in contact with you soon to answer your question.

    Description:   Hillside Motel - 20 Units in Highly Desirable Queen Anne Neighborhood. 12 Unit Motel - 3, 182 SQFT | 8-Plex - 3, 582 SQFT | 19, 723 SQFT Lot. New MHA Zoning: C1-55 (M) | 3.75 FAR allows for flexible redevelopment options including Multi-Family, Office, Retail, Hotel, Industrial, Etc. Value-Add Opportunity for an investor interested increasing gross revenue through renovations, and reducing expenses through better management. 2019 Actual NOI: $234, 393 | Actual Cap Rate: 10.2%.

    Interior

    Approx. Sq Ft: 0 ft²
    Approx. Office Sq Ft: 0 ft²
    Approx. Whse/Mfg Sq Ft: 0 ft²
    Approx. Building Sq Ft: 6,764 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Vinyl, Wall to Wall Carpet
    Features: Signage Included, Disabled Access

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98109
    Area: 700
    County: King
    Latitude: 47.64102500
    Longitude: -122.34690500

    Building

    Year Built: 1950
    Foundation: Concrete Ribbon, Post & Pillar
    Roof: Composition, Metal
    Exterior: Cement/Concrete, Wood
    Power Service in AMPS: 0

    Lot

    Depth of Lot: 91
    Environment Survey: N
    Boundary Survey: N
    Pad Ready: N
    Lot Sq Ft: 19,723 ft²

    Site

    Community Name: Queen Anne
    Number of Available Pads: 0
    General Zoning Classification: Multi-Family, See Remarks
    Zoning Jurisdiction: City
    Site Frontage: 229

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $22,156
    Electrical Expenses: 0
    Total Expenses: 0
    Tax Year: 2019
    Gross Scheduled Income: 360300
    Vacancy Rate: 0
    Gross Adjusted Income: 0
    Total Expenses: 0
    Net Operating Costs: 234393
    Cap Rate -NOI div LP: 10.20

    Business

    Features: Signage Included, Disabled Access

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Listing provided by NWMLS, courtesy of Keller Williams Downtown Sea