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Listed by:Paragon Real Estate Advisors • Ben Douglas

$6,000,000

Est. payment - /mo

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36 Beds

37 Baths

23,900 SqFt

Active

2629 2633 14th AVE W Seattle, WA 98119

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,900 sqft

Price per Sqft $251

Subdivision Interbay

MLS Listing ID 2526962

Style 56 - 10+ Units

Bedrooms 36

Year Built 1963

Annual Tax Amount $85,355

Lot Size 0.551 Acres

Property Sub-Type Multi Family

Property Description

31-unit multifamily community situated in Seattle's desirable Interbay/ Queen Anne area. Golfcrest offers investors meaningful renovation value-add upside, and seller financing is available for qualified buyers. The proposed seller financing terms are 5% interest-only rate, 25% down payment and a 5-year term. The property is comprised of a diversified unit mix that includes studio, one-bedroom, two-bedroom, and a Penthouse unit, making it well positioned to serve a broad tenant base in one of Seattle's most supply constrained submarkets. Roughly 50% of the units have had the flooring replaced with LVP floors. Replacing the remainder of the flooring and improving the kitchens and bathrooms will result in a significant increase in rent. The property has been owned by the same family for the last 31 years. Ownership has spent over $225K in capital improvements over the last couple of years. These improvements reduce near-term capital expenditure risk while preserving the opportunity for an incoming investor to execute a targeted unit renovation program and capture meaningful rental upside.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Stone, Wood, Wood Products

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Amenities & Attractions

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Local Events & Flavor

The New Pandasia

1625 W Dravus St, Seattle, WA 98119

Asian Fusion Phone: 206-283-9030
Thow International

2120 W Emerson Pl, Seattle, WA 98199

Delis Phone: 206-284-2365
Red Mill Burgers

1613 W Dravus St, Seattle, WA 98119

Burgers Phone: 206-284-6363
Sunny Teriyaki

2120 W Emerson Pl, Seattle, WA 98199

Japanese Phone: 206-281-9339
Pac Maru

4209 21st Avenue W, Seattle, WA 98199

Seafood Phone: 206-282-0196
Ocean Fare

2828 Thorndyke Avenue W, Seattle, WA 98199

Seafood Phone: 206-282-0908
Citizen Six

945 Elliott Ave W, Seattle, WA 98119

Korean Phone: 206-588-2224
Merco Intertrade

4039 21st Ave W Ste 200, Seattle, WA 98199

Seafood Phone: 206-282-5655
Nautilus Seafood’s

4215 21st Ave W, Seattle, WA 98199

Seafood Phone: 206-285-6150
Papa Bois

Seattle, WA 98109

Caribbean Phone: 425-341-3657
Maggie Bluffs

2601 W Marina Pl, Seattle, WA 98199

American (Traditional) Phone: 206-283-8322
Little Chinook’s

1900 W Nickerson St, Seattle, WA 98119

Seafood Phone: 206-283-4665
Urban Cafe

351 Elliott Ave W, Seattle, WA 98119

American (Traditional) Phone: 206-282-0568
Signature Seafoods

4257 24th Ave W, Seattle, WA 98199

Seafood Phone: 206-285-2815
Golden Shamrock

4005 20th Avenue W, Seattle, WA 98199

Seafood Phone: 206-282-5825
Arrowac Fisheries

4039 21st Avenue W, Seattle, WA 98199

Seafood Phone: 206-282-5655
Bay Cafe

1900 W Nickerson St, Seattle, WA 98119

Breakfast & Brunch Phone: 206-282-3435
Pagliacci Pizza

1614 W Dravus St, Seattle, WA 98119

Pizza Phone: 206-726-1717
Arctic Wolf Company

4209 21st Avenue W, Seattle, WA 98199

Seafood Markets Phone: 206-270-9669
Citizen 6

945 Elliott Ave W, Seattle, WA 98119

Diners Phone: 206-588-2224
Josefina’s Mexican Grill

2818 Thorndyke Ave W, Seattle, WA 98199

Mexican Phone: 206-216-1078

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