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2337 NE 55th ST Seattle, WA 98105
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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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