MLS #2526962 / Listing provided by NWMLS & Paragon Real Estate Advisors.
$6,500,000
2629 2633 14th Avenue W
Seattle,
WA
98119
Sq Ft
Per Sq Ft
Year Built
31-unit multifamily community situated in Seattle’s desirable Interbay/ Queen Anne area. Golfcrest offers investors meaningful renovation value-add upside, and seller financing is available for qualified buyers. The proposed seller financing terms are 5% interest-only rate, 25% down payment and a 5-year term. The property is comprised of a diversified unit mix that includes studio, one-bedroom, two-bedroom, and a Penthouse unit, making it well positioned to serve a broad tenant base in one of Seattle’s most supply constrained submarkets. Roughly 50% of the units have had the flooring replaced with LVP floors. Replacing the remainder of the flooring and improving the kitchens and bathrooms will result in a significant increase in rent. The property has been owned by the same family for the last 31 years. Ownership has spent over $225K in capital improvements over the last couple of years. These improvements reduce near-term capital expenditure risk while preserving the opportunity for an incoming investor to execute a targeted unit renovation program and capture meaningful rental upside.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 23
- Total Uncovered Parking Spaces: 23
Structure
- Roof: Flat
- Exterior Features: Cement/Concrete, Stone, Wood, Wood Products
- Foundation: Poured Concrete
Lot Details
- Acres: 0.551
- Foundation: Poured Concrete
Schools
- High School District: Seattle
Lot Details
- Acres: 0.551
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Natural Gas
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 45420
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