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518 N 43rd Street , 1-10

Seattle, WA 98103
  • $2,950,000
  • STATUS: Sold
  • ON SITE: 48 Days
  • ID#: 1853559
Sold - 12/01/2021
$2,950,000
SOLD - 12/01/2021
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,750
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Kidder Mathews.

Description

Located on a corner lot in Seattles desirable Fremont neighborhood, the Sunnyside Apartments is a value-add apartment community featuring seller financing (to a qualified buyer) and priced at less than $300,000 per unit. With an excellent unit mix of nine one-bedroom units and one three-bedroom unit, the Sunnyside offers tenants spacious open floor plans, ample closet space, and views from select units. While profitable in its current operations, a new operator could likely achieve income upside of approximately 11% with turnover and basic unit remodels. With a more robust value-add strategy that includes updating cabinets and flooring, income could possibly be increased by even more.

Listing by Dan Swanson. Sold by Znonmember-Office-Mls.

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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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-02T23:14:08.177.

www.kwbellingham.net/homes/122379891
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518 N 43rd Street , 1-10 Seattle, WA 98103

  • Price: $2,950,000
  • Status: Sold
  • On Site: 48 Days
  • Updated: 34 min ago
  • ID#: 1853559
0
Beds
0
Baths
0
½ Baths
0.17
Acres
6,750
SQFT
$437
$/SQFT
1963
Built
Neighborhood:
Fremont
County:
King
Area:
Ballard/Greenlake
Elementary School:
Bf Day
Middle School:
Hamilton Mid
High School:
Lincoln High
School District:
Seattle
Property Description
Located on a corner lot in Seattles desirable Fremont neighborhood, the Sunnyside Apartments is a value-add apartment community featuring seller financing (to a qualified buyer) and priced at less than $300,000 per unit. With an excellent unit mix of nine one-bedroom units and one three-bedroom unit, the Sunnyside offers tenants spacious open floor plans, ample closet space, and views from select units. While profitable in its current operations, a new operator could likely achieve income upside of approximately 11% with turnover and basic unit remodels. With a more robust value-add strategy that includes updating cabinets and flooring, income could possibly be increased by even more.
Exterior Features

Carport Spaces 3 Carport YN No Covered Spaces 0 Exterior Features BrickCement/ConcreteStucco Lot Features Corner LotCurbsPavedSidewalk Open Parking Spaces 4 Open Parking YN Yes Parking Total 7 Parking Uncovered Spaces 4 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View CityPartial View YN Yes Waterfront YN No

Interior Features

Building Area Total 6750 Fireplace YN No Furnished Unfurnished Heating Cooling Type BaseboardForced Air Heating YN Yes Interior Features Forced Air Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryStorageThermal Windows Buyer Financing Not Disclosed Electric On Property YN No Energy Source Electric Green Energy Efficient Thermal Windows Irrigation Water Rights YN No Listing Terms Cash OutConventionalOwner Financing Net Operating Income 125212 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 24149 Tax Year 2021 Units In Building Total 10 Utilities Sewer ConnectedElectricity Available Water Source Public Zoning Class Multi-Family

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 Keller Williams Western Realty 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 Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-12-02T23:14:08.177.

 
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Listing Courtesy of Kidder Mathews.