Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Address
1609 N 46th Street Seattle, WA
Price
$ 4,000,000
Property Attributes
  • ID#1758382
  • TypePending
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodWallingford
  • Zip98103
  • Style10+ Units
  • Year Built1926
  • Taxes$ 33351
  • Price$ 4,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7769
  • Lot Size6,399 SqFt
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Trophy asset located a half block off the desirable 45th Street retail corridor in the coveted Wallingford neighborhood. The building has been well-maintained and presents an investor with a turnkey asset. Building offers 5 studio units and 9 1BD units along with 5 garage parking stalls and 5 storage lockers on the back of the lot. The units contain coved ceilings, hardwood floors and receive an abundance of natural light. The property has been updated with double pane vinyl windows, has sprinklers throughout the basement units and hallways, and has a coin-operated common laundry room. The building has also been implemented with RUBS. The lot totals 6,400 SF of LR2 RC (M) zoning providing an investor with future development potential.

Price History
4/20/2021 Listed $4,000,000

General Features

Amenities Coin Op Laundry, Storage
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions From I5 take the 50th St Exit. Follow signs for 50th St/Seattle Pacific University. From 50th turn left on Wallingford Ave N. Right on N 46th. Property will be on the Left.
Exterior Features Brick, Wood, Wood Products
Flooring Hardwood, Vinyl
High School District Seattle
Insurance Expense 4390
Leasable Area 7769
MLS Area 705 - Ballard/Greenlak
Net Operating Income 176610
New Construction No
Possession Closing, Tenant's Rights
Possible Use Multi-Family
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name 46th
Structure Type Multi Family
Subdivision Name Wallingford
Tax Annual Amount 33351
Tax Year 2021
Terms Cash Out, Conventional
Total Units 14
Units Below Grade false
Units In Building Total 14
Utilities Sewer Connected, Natural Gas Connected
Water Sewer Garbage 20210
Year Built 1926
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Natural Gas
Street Suffix Street
Total Stories 3

Exterior Features

Building Area Total 7769
Covered Spaces 5
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Size Acres 0.1469
Lot Size Square Feet 6400
Lot Size Units Square Feet
Open Parking Y/N No
Total Parking 5
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98103

Price
AVG $930K
$4M
Taxes
AVG $6,898
$33,351
Visits
AVG 34
88
Year Built
AVG 1971
1926
Walkscore
AVG 85
96
Data Provided by Walkscore ® not using MLS data

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