Skip To Content

8309 5th Avenue NE

Seattle, WA 98115
  • $4,995,000
  • STATUS: Pending
  • ON SITE: 128 Days
  • ID#: 1935640
Under Contract
$4,995,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,700
    SQFT
  • $365
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Ratings & Info

School District:
Northwest MLS logoListing Courtesy of Paragon Real Estate Advisors: 206-623-8880.


Description

5th Avenue Manor apartments offer an investor the opportunity to own a pride-of-ownership building in a popular residential area where there is a limited supply of rental apartments. 5th Avenue Manor has great value add by doing minor updates to the units kitchens, flooring, and appliances. After minor updates a new owner will achieve a stabilized renovated CAP of 5.79%. This area is adjacent to Greenlake Park, well known for its many recreational and entertainment activities. This is a desirable location with quick access to the University of Washington, South Lake Unions Tech Core, and Northgates shopping and entertainment district.

Monthly Payment Calculator



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-09-25T00:15:42.27. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-09-25T00:15:42.27. 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.
pnw.sourcerealestate.com/homes/128895189
Print Image

8309 5th Avenue NE Seattle, WA 98115

  • Price: $4,995,000
  • Status: Pending
  • On Site: 128 Days
  • ID#: 1935640
0
Beds
0
Baths
0
½ Baths
0.26
Acres
13,700
SQFT
$365
$/SQFT
1969
Built
Neighborhood:
Green Lake
County:
King
Area:
Ballard/Greenlake
School District:
Seattle
Property Description
5th Avenue Manor apartments offer an investor the opportunity to own a pride-of-ownership building in a popular residential area where there is a limited supply of rental apartments. 5th Avenue Manor has great value add by doing minor updates to the units kitchens, flooring, and appliances. After minor updates a new owner will achieve a stabilized renovated CAP of 5.79%. This area is adjacent to Greenlake Park, well known for its many recreational and entertainment activities. This is a desirable location with quick access to the University of Washington, South Lake Unions Tech Core, and Northgates shopping and entertainment district.
Exterior Features

Carport Spaces 6 Carport YN No Covered Spaces 0 Exterior Features BrickCement/ConcreteWood Products Open Parking Spaces 9 Open Parking YN Yes Parking Total 15 Parking Uncovered Spaces 9 Roof Flat Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Building Area Total 13700 Fireplace YN No Flooring LaminateVinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes Interior Features Wall To Wall CarpetLaminate Hardwood Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryElevator Cumulative Days On Market 99 Energy Source Electric First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 170027 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 42440 Tax Year 2022 Units In Building Total 16 Utilities Sewer ConnectedElectricity Available Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Source Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-09-25T00:15:42.27. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-09-25T00:15:42.27. 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.
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_1935640-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_1935640-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_1935640-1.jpg
Logo
Source Real Estate
15 E Central STE 200
Spokane WA, 99208
Northwest MLS logoListing Courtesy of Paragon Real Estate Advisors: 206-623-8880.