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4700 SW Othello Street

Seattle, WA 98136
  • $1,395,000
  • STATUS: Pending
  • ON SITE: 51 days
  • ID#: 1762044
Under Contract
UPDATED: 34 min ago
$1,395,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

School District:
Listing Courtesy of Paragon Real Estate Advisors.

Description

This offering presents an attractive opportunity to purchase a six-unit apartment building in the Lincoln Park/Fauntleroy neighborhood. The Park Apartments is well-known by West Seattle owners due to its San Franciscan style charm. The charm of the building draws many residents to the property and often keeps them as long-term tenants. This listing presents a unique value add opportunity for an investor to significantly move rents upward with cosmetic renovations to the units.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T00:14:08.067.

www.recordrre.com/homes/116381745
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4700 SW Othello Street Seattle, WA 98136

  • Price: $1,395,000
  • Status: Pending
  • Updated: 34 min ago
  • ID#: 1762044
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1910
Built
Neighborhood:
Lincoln Park
County:
King
Area:
West Seattle
School District:
Seattle
Property Description
This offering presents an attractive opportunity to purchase a six-unit apartment building in the Lincoln Park/Fauntleroy neighborhood. The Park Apartments is well-known by West Seattle owners due to its San Franciscan style charm. The charm of the building draws many residents to the property and often keeps them as long-term tenants. This listing presents a unique value add opportunity for an investor to significantly move rents upward with cosmetic renovations to the units.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 4 Exterior Features WoodWood Products Open Parking Spaces 0 Open Parking YN No Parking Total 4 Parking Uncovered Spaces 0 Roof Flat Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring HardwoodLaminate Foundation Details Block Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 93528 Insurance Expense 4822 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 55555 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 13550 Tax Year 2021 Total Expenses 35167 Units In Building Total 6 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 11095 Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Engel & Völkers Federal Way and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T00:14:08.067.

 
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Engel & Völkers Federal Way
2012 S. 320th St. Suite A
Federal Way WA, 98003
Listing Courtesy of Paragon Real Estate Advisors.