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    4230 8th Avenue NE

    Seattle, WA 98105
    • $4,300,000
    • STATUS: Active
    • ON SITE: 158 days
    • MLS #: 1731263
    UPDATED: 52 min ago
    $4,300,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Pilot Ventures Llc.

    Description

    The Pinetree Apartments are strategically located in the U-District neighborhood, approximately 5 blocks from the new Light Rail Station scheduled to open this year. Walk score of 96 (Walkers Paradise) and transit score of 78 (Excellent). Well-maintained and poised for additional revenue growth via rent increases, consistent utility billback fees, parking rent, and laundry income. Built in 1981, the property consists 13 units with an average size of 573 sf: five 1-bed, four 2-bed units, one 3-bed 1-bath, and one 3-bed 1.75 bath. The building is wood framed with copper plumbing, vinyl windows, electric baseboard heat, and 12 parking spaces. Two units are townhouse style which has been well received in this submarket.

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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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-27T11:14:01.03.

    www.communityrealestategroup.com/homes/114343476
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    4230 8th Avenue NE Seattle, WA 98105

    • Price: $4,300,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 1731263
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1981
    Built
    Neighborhood:
    University District
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    Elementary School:
    Green Lake
    Middle School:
    Hamilton Mid
    High School:
    Lincoln High
    School District:
    Seattle
    Property Description
    The Pinetree Apartments are strategically located in the U-District neighborhood, approximately 5 blocks from the new Light Rail Station scheduled to open this year. Walk score of 96 (Walkers Paradise) and transit score of 78 (Excellent). Well-maintained and poised for additional revenue growth via rent increases, consistent utility billback fees, parking rent, and laundry income. Built in 1981, the property consists 13 units with an average size of 573 sf: five 1-bed, four 2-bed units, one 3-bed 1-bath, and one 3-bed 1.75 bath. The building is wood framed with copper plumbing, vinyl windows, electric baseboard heat, and 12 parking spaces. Two units are townhouse style which has been well received in this submarket.
    Exterior Features

    Carport Spaces 4 Carport YN No Covered Spaces 0 Exterior Features WoodWood Products Lot Features CurbsPavedSidewalk Open Parking Spaces 8 Open Parking YN Yes Parking Total 12 Parking Uncovered Spaces 8 Roof See Remarks Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 10000 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 264540 Insurance Expense 2580 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 171975 New Construction YN No Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvHigh Speed Internet Special Listing Conditions None Tax Annual Amount 30692 Tax Year 2020 Total Expenses 84647 Units In Building Total 13 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 7365 Water Source Public 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 Keller Williams Tri-Cities 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 Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-27T11:14:01.03.

     
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    Keller Williams Tri-Cities
    4390 W Van Giesen
    West Richland WA, 99353
    Listing Courtesy of Pilot Ventures Llc.