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    8520 16th Avenue NW

    Seattle, WA 98117
    • $1,350,000
    • STATUS: Pending
    • ON SITE: 193 days
    • ID#: 1718816
    Under Contract
    UPDATED: 22 min ago
    $1,350,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Century 21 North Homes Realty.

    Description

    DRIVE BY ONLY. DO NOT DISTURB TENANTS. value in land. 4-plex sitting on double lot with split zoning. north parccel LR2, south parcel NC3P-55. Price includes both lots and must be sold together. As per review by architect you could build 8 townhomes w/garages-OR- 4 townhomes and 26 one bed flats and 1 commercial unit -OR- 4 townhomes and 19 flats. All plans conform with current zoning. Building is fully rented and rents are below market. Provides income stream while doing your design and permits. Best option is probably 8 townhomes. View of Olympic mountains from 2nd story. Near transit hub. New mixed use building going in on 15th NW will upgrade neighborhood.

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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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-02T11:14:14.963.

    www.nwhomeexperts.com/homes/113445644
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    8520 16th Avenue NW Seattle, WA 98117

    • Price: $1,350,000
    • Status: Pending
    • Updated: 22 min ago
    • ID#: 1718816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1956
    Built
    Neighborhood:
    Crown Hill
    County:
    King
    Area:
    Ballard/Greenlake
    School District:
    Seattle
    Property Description
    DRIVE BY ONLY. DO NOT DISTURB TENANTS. value in land. 4-plex sitting on double lot with split zoning. north parccel LR2, south parcel NC3P-55. Price includes both lots and must be sold together. As per review by architect you could build 8 townhomes w/garages-OR- 4 townhomes and 26 one bed flats and 1 commercial unit -OR- 4 townhomes and 19 flats. All plans conform with current zoning. Building is fully rented and rents are below market. Provides income stream while doing your design and permits. Best option is probably 8 townhomes. View of Olympic mountains from 2nd story. Near transit hub. New mixed use building going in on 15th NW will upgrade neighborhood.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features PavedValue In Land Open Parking Spaces 7 Open Parking YN Yes Parking Total 7 Parking Uncovered Spaces 7 Roof Flat Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring VinylCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 500 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 44580 Insurance Expense 1532 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 24734 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Fair Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 9814 Tax Year 2020 Total Expenses 19846 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 8000 Water Source Public 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 NW Home Experts 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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-02T11:14:14.963.

     
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    NW Home Experts
    2211 Elliott Avenue Suite 200
    Seattle WA, 98121
    Listing Courtesy of Century 21 North Homes Realty.