8309 5th Avenue NE Seattle, WA 98115
Listing Courtesy of: Northwest MLS / Westlake Associates, Inc.

  8309 5th Avenue NE Seattle, WA 98115

Active (70 Days)
$4,000,000
13,700
SQFT

Description

5th Ave Manor presents an exceptional opportunity for investors seeking ownership of a desirable building in a highly sought-after residential locale, characterized by a scarcity of rental accommodations. With its strategic location and potential for value-add enhancement through modest kitchen, flooring, and appliance upgrades, 5th Avenue Manor promises lucrative returns. Following these enhancements, a new owner can anticipate achieving a stabilized Market CAP of 6.01%. Nestled nearby the scenic Green Lake Park, renowned for its myriad recreational pursuits, this coveted address offers seamless access to the University of Washington, the bustling South Lake Union Tech Core, and the vibrant Northgate shopping and entertainment hub.

MLS #:
2286745
Taxes
$39,678(2024)
Lot Size
0.26 acres
Type
Multifamily
Year Built
1969
Style
10+ Units
School District
Seattle
County
King County
Community
Northgate

Listed By

David W Petersen, Westlake Associates, Inc.
Source
Northwest MLS as distributed by MLS Grid
Last checked Oct 6 2024 at 6:35 PM PDT
Bathroom Details
Interior Features
  • Wall to Wall Carpet
  • Laminate Hardwood
Subdivision
  • Northgate
Property Features
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Carpet
  • Vinyl
  • Laminate
Exterior Features
  • Wood Products
  • Cement/Concrete
  • Brick
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Additional Listing Info
  • Buyer Brokerage Compensation: 2
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
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Estimated Monthly Mortgage Payment

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Listing price
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2024 10/6/24 11:35. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.