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    4700 SW Othello Street

    Seattle, WA 98136
    • $1,395,000
    • STATUS: Pending
    • ON SITE: 52 days
    • ID#: 1762044
    Under Contract
    $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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-14T00:13:47.97.

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

    • Price: $1,395,000
    • Status: Pending
    • 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 Costello Team | Windermere Real Estate 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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-14T00:13:47.97.

     
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    Costello Team | Windermere Real Estate
    100 116th Ave SE
    Bellevue WA, 98004
    Listing Courtesy of Paragon Real Estate Advisors.