Bought with Lee & Associates Commercial RE
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Key Details
Sold Price $4,800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,188 sqft
Price per Sqft $296
Subdivision Lake City
MLS Listing ID 1649090
Sold Date 11/02/20
Style 56 - 10+ Units
Year Built 1958
Annual Tax Amount $47,797
Lot Size 0.644 Acres
Property Description
Gladstone Apartments, consists of 32 units of 1 and 2-bedroom residential living spaces in Lake City. Total NRA of 16,188 sf with unit sizes ranging from 475 sf to 722 sf. This two-story multifamily asset is built on a large MR (M) zoned 28,050 sf site abutting Virgil Flaim Park. The central location provides easy accessibility to downtown Seattle and the Eastside. This value-add asset has plenty of rental upside for buyers with opportunities to capture additional upside upon renovation.
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Sewer Connected, Electric
View Y/N Yes
View Territorial
Roof Type Torch Down
Building
Lot Description Adjacent to Public Land, Alley, Corner Lot
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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