For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1305918
  • Price:
    • $4,800,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 5-Plex
  • # of Units:
    • 8
  • # of Acres:
    • 0.34
  • Lot Sq.Ft.:
    • 15,000
  • Year Built:
    • 1963
  • School Dist:
    • Seattle
  • Address:
    • 812 29th Ave S
  • Community:
    • Central Area
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98144
  • Terms:
    • Cash Out, Conventional
  • Right of 1st Refusal:
    • No
QR Code

Description
First Time On Market In 55 Years. Amazing Opportunity To Own Two 4 Plex Buildings And One Vacant Lot In The Epicenter Of A Hot Thriving Urban Community. 3 Lots Totaling 15,000sq Ft, All Zoned Lr2 For Massive Future Development Potential! Or Improve Current Building Interiors To Increase Already Steady Rents. Just 7 Blocks Away From The Cool Jackson/23rd Project That Will Provide Grocery Store, Shops, Restaurants & A Public Promenade. Great Income Investment With Sweet Development Possibilities!
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,400.00
    • Square Feet Unit 1:
      • - 800.00
    • Bedrooms Unit 1:
      • - 2
    • Bathrooms Unit 1:
      • - 1.00
    • Refrigerator Unit 1:
      • - Yes
    • Range/oven Unit 1:
      • - Yes
    • Dishwasher Unit 1:
      • - No
    • Washer/dryer Unit 1:
      • - No
    • Description Unit 1:
      • - 812 1
  • Unit 2
    • Rent Unit 2:
      • - $800.00
    • Square Feet Unit 2:
      • - 800.00
    • Bedrooms Unit 2:
      • - 2
    • Bathrooms Unit 2:
      • - 1.00
    • Refrigerator Unit 2:
      • - Yes
    • Range/oven Unit 2:
      • - Yes
    • Dishwasher Unit 2:
      • - No
    • Washer/dryer Unit 2:
      • - No
    • Description Unit 2:
      • - 812 2
  • Unit 3
    • Square Feet Unit 3:
      • - 800.00
    • Bedrooms Unit 3:
      • - 2
    • Bathrooms Unit 3:
      • - 1.00
    • Refrigerator Unit 3:
      • - Yes
    • Range/oven Unit 3:
      • - Yes
    • Dishwasher Unit 3:
      • - No
    • Washer/dryer Unit 3:
      • - No
    • Description Unit 3:
      • - 812 3
  • Unit 4
    • Rent Unit 4:
      • - $1,200.00
    • Square Feet Unit 4:
      • - 800.00
    • Bedrooms Unit 4:
      • - 2
    • Bathrooms Unit 4:
      • - 1.00
    • Refrigerator Unit 4:
      • - Yes
    • Range/oven Unit 4:
      • - Yes
    • Dishwasher Unit 4:
      • - No
    • Washer/dryer Unit 4:
      • - No
    • Description Unit 4:
      • - 812 4
  • Unit 5
    • Rent Unit 5:
      • - $1,400.00
    • Square Feet Unit 5:
      • - 800.00
    • Bedrooms Unit 5:
      • - 2
    • Bathrooms Unit 5:
      • - 1.00
    • Refrigerator Unit 5:
      • - Yes
    • Range/oven Unit 5:
      • - Yes
    • Dishwasher Unit 5:
      • - No
    • Washer/dryer Unit 5:
      • - No
    • Description Unit 5:
      • - 818 1
  • Unit 6
    • Rent Unit 6:
      • - $900.00
    • Square Feet Unit 6:
      • - 800.00
    • Bedrooms Unit 6:
      • - 2
    • Bathrooms Unit 6:
      • - 1.00
    • Refrigerator Unit 6:
      • - Yes
    • Range/oven Unit 6:
      • - Yes
    • Dishwasher Unit 6:
      • - No
    • Washer/dryer Unit 6:
      • - No
    • Description Unit 6:
      • - 818 2
  • Building Details
    • # Of Stories In Building:
      • - 3
    • Units Below Grade:
      • - No
    • Amenities:
      • - Coin Op Laundry
    • Building Condition:
      • - Average
    • Floor Covering:
      • - Laminate Tile
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Baseboard
      • - Wall
  • Misc Details
    • Form 17:
      • - Provided
    • Approved Number Of Bedrooms:
      • - 16
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $16,235.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 49
    • Cap Rate - Noi Div Lp:
      • - 7.00
  • Income
    • Gross Adjusted Income:
      • - $66,847.00
    • Gross Scheduled Income:
      • - $102,000.00
    • Net Operating Income:
      • - $35,153.00
    • Total Monthly Income:
      • - $8,500.00
  • Expenses
    • Insurance Expenses:
      • - $5,118.00
    • Water / Sewer / Garbage:
      • - $13,800.00
    • Total Expenses:
      • - $32,153.00
    • Total Expenses:
      • - $32,153.00
  • Schools
    • Elementary:
      • - Thurgood Marshall El
    • Jr. High:
      • - Wash Mid
    • Sr. High:
      • - Garfield High
  • Waterfront and Views
    • View Details:
      • - Territorial
  • Construction Details
    • Exterior:
      • - Stucco
    • Roof:
      • - Flat
  • Lot Details
    • Lot Number:
      • - 11
      • - 12
      • - South 1 / 2 Of 13
    • Block:
      • - 6
    • Project:
      • - Baxters Addition
    • Features:
      • - Curbs
      • - Open Space
      • - Paved Street
      • - Sidewalk
      • - Value In Land
    • Site Features:
      • - Deck
      • - Shop
  • Parking
    • Total # Of Parking:
      • - 9
    • # Of Uncovered Spaces:
      • - 2
    • # Of Garage Spaces:
      • - 6
    • # Of Carport Spaces:
      • - 1
  • Utilities
    • Energy Source:
      • - Electric
    • Power Company:
      • - Seattle City Light
    • Sewer Company:
      • - Seattle Utilities
    • Water Source:
      • - Public
    • Water Company:
      • - Seattle Utilities
  • Zoning
    • General Zoning Classification:
      • - Multi-family
    • Zoning Jurisdiction:
      • - City
Nearby Listings
0.42 Mi.

412 35th Avenue S

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 1,920 ft²
0.84 Mi.

1550 17th Ave S

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 1,710 ft²
0.87 Mi.

1334 16th Ave S

  • 0 Bedrooms
  • 0.00 Bathrooms
  • 2,920 ft²
For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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