Seattle, WA 98115,8523 23rd AVE NE
Seattle, WA 98115,8523 23rd AVE NE
Seattle, WA 98115,8523 23rd AVE NE
Listed by Blake Investment Advisors
Bought with Windermere Real Estate Central
$1,940,000
Est. payment /mo
$2,000,000
3.0%
Est.Price: ?

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6,260 Sqft Lot
SOLD DATE : 04/01/2024

Key Details

Sold Price $1,940,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Wedgwood

MLS Listing ID 2197876

Sold Date 04/01/24

Style 54 - 4-Plex

Year Built 1970

Annual Tax Amount $9,655

Lot Size 6,260 Sqft

Property Description

SELLER FINANCING with POSITIVE LEVERAGE ~ Investors can acquire a well-maintained asset with improvements that combine to create a turnkey investment and durable income stream via attractive purchasing terms offered by the seller. Terms include a 25% down payment, a 4.5% rate with interest-only payments, and a 7-year term. Improvements like ductless mini-split heat pumps, which are significantly more efficient and provide heat and air conditioning to the units. A new 25-year roof was placed in service 5 years ago, new water heaters, and a hot water circulation pump create ready-to-use hot water on-demand saving time and money. Opportunity exists to institute utility bill back and install washers and dryers in the units to increase rents.

Location

State WA

County King

Area 710 - North Seattle

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood Products

Waterfront No

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Owner Financing

Listing Terms Owner Financing

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Northwest MLS (NWMLS)

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Tommy Hartman

+1(360) 541-9015

Agent | License ID: 21000467

Agent License ID: 21000467

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