3422 21st Avenue W
Seattle, WA 98199
6835 sqft | 0.18 acres | #2233647
Description
Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.
Interior Details
- InteriorWall to Wall Carpet
Property Details
- ViewTerritorial
- Exterior MaterialsMetal/Vinyl
- Stories3
Measurements
- Acres0.1756
- Square Feet6835
Construction Details
- Style55 - 5-9 Units
- Property TypeMulti-Family
Condition
- Year Built1968
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionMagnolia
Location
- Elementary SchoolMagnolia Elementary
- Middle SchoolMc Clure Mid
- High SchoolBallard High
- School DistrictSeattle
- CountyKing
Financial Details
- Original List Price$2,000,000
- Taxes Annual$18,621
- Days on Market (Cumulative)49
Other
- MLS #2233647
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-08-23 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Courtesy
Listing Agent: Eleanor Heyrich Payne (#NWM80831)
Listing Office: Realogics Sotheby's Int'l Rlty (#NWM5715)
Listing Courtesy (Buyer)
Buyer's Agent: Phillip J Greely (#NWM75630)
Buyer's Office: Realogics Sotheby's Int'l Rlty (#NWM5715)