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Listed by Paragon Real Estate Advisors
$ 3,650,000
Est. payment | /mo
16 Beds
12 Baths
8,800 SqFt
$ 3,650,000
Est. payment | /mo
16 Beds
12 Baths
8,800 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $414
Subdivision Green Lake
MLS Listing ID 2428070
Style 56 - 10+ Units
Bedrooms 16
Year Built 1969
Annual Tax Amount $33,420
Lot Size 8,318 Sqft
Property Sub-Type Multi Family
Property Description
The Abbey Apartments is an 11-unit, value-add building in a remarkable Green Lake location. Located just a parcel away from the north shore of Green Lake, the property has been owned and cared for by the same family that had it built and offers an investor the rare opportunity to acquire a high-quality asset with immediate income upside and value-add opportunity. The property features 7 - one-bedroom/one-bath units, 3 - two-bedroom/one bath units, and a spacious (1,400 SqFt) three-bedroom/two-bath penthouse. With an average unit size of 800 SqFt, residents enjoy generous living space in each home and units appeal to a wide range of renters.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Angie Sherman
Licensed REALTOR | Client Consultant