Water Views
Listed By:
Lee & Associates Commercial RE and NWMLS
Address
2442 8th Avenue N, Seattle, WA
Price
$ 9,995,000
Property Attributes
  • ID#1995801
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaQueen Anne-Magno
  • NeighborhoodWestlake
  • Zip98109
  • Style10+ Units
  • Year Built1964
  • Taxes$ 75974
  • Price$ 9,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17680
  • Lot Size0.52 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Tara Apts features 24 Lake Union facing units w/ stunning views overlooking Gasworks Park, downtown & University Bridge. 4 spacious 2-bed/2-bath units & 20 1-bed/1-bath units. Each unit has a large private balcony and oversized windows. Unique, high-quality investment w/ breathtaking Lake Union views. The building has been carefully maintained to this day. Plumbing is copper, the roof and vertical drain lines were replaced in 2011. There are currently 8 laundry / storage rooms which could be consolidated into private W/D & additional net rentable square footage. This is a rare opportunity for investors to acquire a well-maintained building w/ unrivaled lake vistas and significant reposition upside in the heart of Seattleā€™s tech corridor.

Price History
9/17/2022 Listed $9,995,000

General Features

Amenities Coin Op Laundry, Storage, Thermal Windows
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions Heading North on Dexter Ave, take right at Wheeler St. Right at 8th Ave N building is on the left.
Energy Efficient Thermal Windows
Exterior Features Cement/Concrete, Wood
Finance Cash Out, Conventional, Rehab Loan
High School District Seattle
Insurance Expense 11342
Interior Features Wall to Wall Carpet
Leasable Area 17680
Lot Size Square Feet 22650
MLS Area 700 - Queen Anne/Magno
Net Operating Income 519374
New Construction No
Open Parking Spaces 17
Possession Closing
Possible Use Multi-Family
Property Condition Good
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 8th
Structure Type Multi Family
Subdivision Name Westlake
Tax Annual Amount 75974
Tax Year 2022
Total Units 24
Units Below Grade false
Units In Building Total 24
Utilities High Speed Internet, Sewer Connected, Electricity Available
View City, Lake, Mountain(s), Territorial
View Y/N Yes
Virtual Tour https://www.lee-associates.com/northwest/properties/?propert
Water Sewer Garbage 26400
Waterfront Y/N No
Year Built 1964
Zoning Class Multi-Family

Interior Features

Fireplace Y/N No
Flooring Vinyl Plank, Carpet
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 4

Exterior Features

Building Area Total 17680
Foundation Details Post & Pillar
Irrigation Water Rights Y/N No
Lot Features Paved
Lot Size Acres 0.52
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 17
Site Features High Speed Internet, Patio
Total Parking 17
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98109

Price
AVG $4.47M
$10M
Taxes
AVG $32,384
$75,974
Visits
AVG 31
5
Year Built
AVG 1940
1964
Walkscore
AVG 79
65
Data Provided by Walkscore ® not using MLS data

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