Listing Provided Courtesy Of:
Lee & Associates Commercial RE and NWMLS
Address
1321 4th Ave W Seattle, WA
Price
$ 3,300,000
Property Attributes
  • ID#1859561
  • TypePending
  • CountyKING
  • CitySeattle
  • AreaQueen Anne-Magno
  • NeighborhoodQueen Anne
  • Zip98119
  • Style10+ Units
  • Year Built1909
  • Taxes$ 31635
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7830
  • Lot Size6,399 SqFt
Listing Provided Courtesy Of:
Lee & Associates Commercial RE and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

A pride of ownership 10-unit building nestled on the top of Queen Anne hill. Built in 1909, a mix of vintage appeal w/ modern kitchen & bath appointments. Nine large 1BRs w/ formal den & one 2BR. Apprx $250,000 in recent cap ex: new appliances, refinished flooring, new roof, sewer line replacement, wtr heaters & common area carpets. Upgrades: electrical, fencing, drainage, patio, siding repairs & paint. Current two bedroom configuration shows a possible pathway to reconfigure existing 1-bedroom units into 2-bedroom units, capturing addt'l rental upside. First time to market in 25 years, The Maywood offers investors an opportunity to own 10 stabilized units on the top of Queen Anne with potential to capture additional revenue over time.

Price History
10/31/2021 Listed $3,300,000

General Features

Amenities Coin Op Laundry, See Remarks, Storage, Thermal Windows
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions Head West on W Galer St. Turn Left onto 4th Ave W. Building is on the right
Energy Efficient Thermal Windows
Exterior Features Brick
Flooring Hardwood
High School District Seattle
Insurance Expense 4000
Interior Features Hardwood
Leasable Area 7830
Lot Size Square Feet 6400
MLS Area 700 - Queen Anne/Magno
Net Operating Income 106918
New Construction No
Open Parking Spaces 3
Possession Closing
Possible Use Multi-Family
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name 4th Ave
Structure Type Multi Family
Subdivision Name Queen Anne
Tax Annual Amount 31635
Tax Year 2021
Terms Cash Out, Conventional
Total Units 10
Units Below Grade false
Units In Building Total 10
Utilities Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Virtual Tour https://www.lee-associates.com/northwest/properties/?propert
Water Sewer Garbage 12000
Year Built 1909
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Total Stories 3

Exterior Features

Building Area Total 7830
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Dimensions 6400
Lot Features Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres 0.1469
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 3
Site Features Cable TV, Fenced-Fully, High Speed Internet, Patio
Total Parking 3
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98119

Price
AVG $1.11M
$3.3M
Taxes
AVG $8,561
$31,635
Visits
AVG 16
37
Year Built
AVG 1972
1909
Walkscore
AVG 77
81
Data Provided by Walkscore ® not using MLS data

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