Price Reduction - Water Views - Golf Course
Listed By:
Kidder Mathews and NWMLS
Address
2515 Thorndyke Avenue W, Seattle, WA
Price
$ 4,650,000
Property Attributes
  • ID#1936081
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaQueen Anne-Magno
  • NeighborhoodMagnolia
  • Zip98199
  • Style10+ Units
  • Year Built1959
  • Taxes$ 37604
  • Price$ 4,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9420
  • Lot Size10,494 SqFt
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Rare opportunity to own in the Magnolia suburb. 13 Unit 2017 updated property with an opportunity to raise rents by 17% to market rents. The property has been extremely well cared for and has the ability to make easy renovations and raise rents further. Only 10 minutes from downtown Seattle makes this a tenants dream to be able to live in a suburb and commute to work. Just 5 minutes away from well renowned Discovery Park makes this property a true forever asset. All systems are in good condition making this a low maintenance property with all of the rental upside. Other surrounding neighborhoods such as Ballard, Fremont, Queen Anne makes for exciting area for these tenants to live. Financials are T8 Inc & 2021 Expenses. Rents are current.

Price History
5/18/2022 Listed $4,900,000
9/9/2022 6% - $4,650,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions From Dravus Drive, take a left on Thorndyke Ave W, property will be on your right at 2515 Thorndyke Ave W.
Electric Expense 4238
Exterior Features Wood
Finance Assumable, Cash Out, Conventional
Fuel Expense 4238
High School District Seattle
Insurance Expense 6202
Interior Features Wall to Wall Carpet
Leasable Area 9420
Lot Size Square Feet 10492
MLS Area 700 - Queen Anne/Magno
Net Operating Income 177182
New Construction No
Possession Closing
Possible Use Multi-Family
Property Condition Very 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 Thorndyke
Structure Type Multi Family
Subdivision Name Magnolia
Tax Annual Amount 37604
Tax Year 2022
Total Units 13
Units Below Grade false
Units In Building Total 13
Utilities Sewer Connected, Electricity Available
View Golf Course, Mountain(s), Ocean
View Y/N Yes
Water Company SPU
Water Sewer Garbage 6500
Waterfront Y/N No
Year Built 1959
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 3

Exterior Features

Building Area Total 9420
Covered Spaces 10
Foundation Details Block
Irrigation Water Rights Y/N No
Lot Dimensions 10492
Lot Features Curbs, Paved, Sidewalk
Lot Size Acres 0.2409
Lot Size Units Square Feet
Open Parking Y/N No
Total Parking 10
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 98199

Price
AVG $5.5M
$4.65M
Taxes
AVG $52,759
$37,604
Visits
AVG 40
71
Year Built
AVG 1962
1959
Walkscore
AVG 72
55
Data Provided by Walkscore ® not using MLS data

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