Bought with Paragon Real Estate Advisors
$1,080,000
$1,050,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
8821 35th AVE SW Seattle, WA 98126
8 Beds
5 Baths
3,180 SqFt
Key Details
Sold Price $1,080,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,180 sqft
Price per Sqft $339
Subdivision West Seattle
MLS Listing ID 2362878
Style 55 - 5-9 Units
Bedrooms 8
Year Built 1957
Annual Tax Amount $10,883
Lot Size 6,050 Sqft
Property Sub-Type Multi Family
Property Description
SELLER FINANCING AVAILABLE - attractive terms: 25% down payment and 5% interest-only payments for five years. This well-located 5-unit property offers a compelling value-add investment opportunity through both operational improvements and unit renovations. A new owner can unlock immediate upside by implementing a utility bill-back system for water, sewer, and garbage, as well as charging for storage and reserved off-street parking. Additionally, completing full unit renovations and bringing rents up to market levels provides a clear path to repositioning the asset and enhancing long-term returns. The property is part of phase 2 of the Seattle One Plan upzone. The proposed zoning is LR3 which creates future development potential.
Location
State WA
County King
Area 140 - West Seattle
Exterior
Exterior Feature Brick, Wood
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.