For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1173935
  • Price:
    • $2,495,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 12
  • # of Acres:
    • 0.42
  • Lot Sq.Ft.:
    • 18,250
  • Year Built:
    • 1949
  • School Dist:
    • Seattle
  • Address:
    • 1412 S Concord St
  • Community:
    • South Park
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98108
  • Terms:
    • Cash Out, Conventional
QR Code

Description
Located In Seattle's South Park Neighborhood, These Two Sites Each Have An Existing 6 Unit, Mixed Use Building. Remodel Or Redevelop The Site To Maximize Investment Potential. C2-65 Zoning. A Feasibility Study For 8914 14 Ave S Has Been Completed For 65 Ft Mixed Use Development With 60 Residential Units And Ground Level Commercial Space. Potential Up-zone Would Allow For 75 Ft Building Height, Buyer To Verify.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,200.00
    • Square Feet Unit 1:
      • - 800.00
    • Bathrooms Unit 1:
      • - 0.00
    • Description Unit 1:
      • - Office
  • Unit 2
    • Rent Unit 2:
      • - $1,450.00
    • Square Feet Unit 2:
      • - 780.00
    • Bedrooms Unit 2:
      • - 2
    • Bathrooms Unit 2:
      • - 1.00
    • Description Unit 2:
      • - 2
  • Unit 3
    • Rent Unit 3:
      • - $795.00
    • Square Feet Unit 3:
      • - 500.00
    • Bathrooms Unit 3:
      • - 1.00
    • Description Unit 3:
      • - 3
  • Unit 4
    • Rent Unit 4:
      • - $795.00
    • Square Feet Unit 4:
      • - 475.00
    • Bathrooms Unit 4:
      • - 1.00
    • Description Unit 4:
      • - 4
  • Unit 5
    • Rent Unit 5:
      • - $1,850.00
    • Square Feet Unit 5:
      • - 900.00
    • Bedrooms Unit 5:
      • - 3
    • Bathrooms Unit 5:
      • - 1.00
    • Description Unit 5:
      • - 5
  • Unit 6
    • Rent Unit 6:
      • - $1,100.00
    • Square Feet Unit 6:
      • - 800.00
    • Bedrooms Unit 6:
      • - 1
    • Bathrooms Unit 6:
      • - 1.00
    • Description Unit 6:
      • - 6
  • Building Details
    • # Of Stories In Building:
      • - 2
    • Units Below Grade:
      • - No
    • Building Condition:
      • - Fixer
    • Floor Covering:
      • - Hardwood
      • - Laminate Hardwood
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Baseboard
      • - Forced Air
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $5,687.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 12
    • Vacancy Rate:
      • - 5
    • Cap Rate - Noi Div Lp:
      • - 6.00
  • Income
    • Gross Adjusted Income:
      • - $191,235.00
    • Gross Scheduled Income:
      • - $201,300.00
    • Net Operating Income:
      • - $152,020.00
    • Total Monthly Income:
      • - $10,190.00
  • Expenses
    • Total Expenses:
      • - $39,214.00
    • Total Expenses:
      • - $39,214.00
  • Schools
    • Elementary:
      • - Concord
    • Jr. High:
      • - Denny Mid
    • Sr. High:
      • - Cleveland High
  • Construction Details
    • Exterior:
      • - Brick
      • - Cement Planked
    • Foundation:
      • - Poured Concrete
    • Roof:
      • - See Remarks
  • Lot Details
    • Lot Number:
      • - 45 - 48
    • Block:
      • - Block 45
    • Project:
      • - South Park
    • Dimensions:
      • - 120x100
    • Features:
      • - Corner Lot
      • - Curbs
      • - Paved Street
      • - Sidewalk
    • Site Features:
      • - Cable Tv
      • - Gas Available
  • Parking
    • Total # Of Parking:
      • - 3
    • # Of Uncovered Spaces:
      • - 3
  • Utilities
    • Energy Source:
      • - Electric
      • - Natural Gas
    • Power Company:
      • - Seattle City Light
    • Sewer Company:
      • - Seattle Utilities
    • Water Source:
      • - Public
    • Water Company:
      • - Seattle Utilities
  • Zoning
    • General Zoning Classification:
      • - Commercial
    • Zoning Jurisdiction:
      • - City
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  • 0.00 Bathrooms
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  • 0.00 Bathrooms
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  • 0.00 Bathrooms
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For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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