2629 2633 14th AVE W, Seattle, WA 98119
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2629 2633 14th AVE W, Seattle, WA 98119
2629 2633 14th AVE W, Seattle, WA 98119
2629 2633 14th AVE W, Seattle, WA 98119
2629 2633 14th AVE W, Seattle, WA 98119
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Kristin Niebergall

Kristin Niebergall

+1(253) 381-7170
Listed by:Paragon Real Estate Advisors • Ben Douglas
$ 6,500,000
Est. payment /mo
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2629 2633 14th AVE W Seattle, WA 98119

36 Beds

37 Baths

23,900 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,900 sqft

Price per Sqft $271

Subdivision Interbay

MLS Listing ID 2526962

Style 56 - 10+ Units

Bedrooms 36

Year Built 1963

Annual Tax Amount $85,355

Lot Size 0.551 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Stone, Wood, Wood Products

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Kristin Niebergall

Kristin Niebergall

Advisor | License ID: 92708

+1(253) 381-7170

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2629 2633 14th AVE W