Seattle, WA 98105,2337 NE 55th ST
Seattle, WA 98105,2337 NE 55th ST
Seattle, WA 98105,2337 NE 55th ST
11
Listed by Lee & Associates Commercial RE
Bought with RSVP Real Estate-ERA Powered
$1,600,000
$1,750,000
8.6%
Est.Price: ?

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4,900 SqFt

2337 NE 55th ST Seattle, WA 98105

Est. payment /mo
SOLD DATE : 02/01/2023

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Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $326

Subdivision Ravenna

MLS Listing ID 2014899

Sold Date 02/01/23

Style 55 - 5-9 Units

Year Built 1954

Annual Tax Amount $19,482

Lot Size 7,197 Sqft

Property Description

Located across the street from Ravenna Park, the Parkside features 7 large 1 & 2 bedroom units averaging 700 sf. Originally constructed in 1954 on a 7,197 sf LR3RC (M) zone lot, Parkside received updates over the years including a tile roof replacement, vinyl window replacements, and a newer boiler and central hot water systems. Current onsite parking is available for seven vehicles. Perfectly situated near, work, school and play, The Parkside Apartments offers investors the opportunity to acquire a stabilized asset with the ability to increase performance in the near term by recapturing significant loss-to-lease from below market rents. Additional lift can be achieved by implementing a full value-add program and renovating the units.

Location

State WA

County King

Area 710 - North Seattle

Interior

Interior Features Hardwood, Laminate, Wall to Wall Carpet

Flooring Hardwood, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Wood

View Y/N Yes

View Territorial

Roof Type Tile

Building

Lot Description Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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