Provided by NWMLS, Bought with Keller Williams Realty PS and Listed by Paragon Real Estate Advisors
Sold
6522 Phinney Avenue N
Seattle WA, 98103
$3,000,000
$423.73 per sqft
Sold
7,080 sqft
Multi-family
Built in 1928
The Phinney Apartments has eleven studios, one 1BD/1BTH, and one 2BD/1BTH townhome-style unit. The large 1BD/1BTH unit was added with permits in 2009 with an attractive layout and modern finishes. Phinney Ridge is one of the most sought after neighborhoods for single family homes as well as high quality renters. At a 4.77% cap rate the Phinney has a great current return with fantastic future upside in rents. The current rents are approximately 10% below market in existing condition. The property is in an urban village with no parking requirement presenting the opportunity to convert the garages into two additional units (Buyer to verify).
2040937
MLSⓇ ID
March 2, 2023
Listed
March 21, 2024
Updated
Map
6522 Phinney Avenue N
Seattle WA, 98103
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Other See Remarks
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.08 Acres
Exterior Features
Brick
Roof
Flat
Sewer
Sewer Connected
School Information
School District
Seattle
Other Property Details
Area Name
705 - Ballard/Greenlake
Taxes
$24,871
Tax Frequency
Annually
Garage
No
Parking Total
2
View
No
County
King
Pool
No
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 3/21/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 3/21/2024 at 8:28 PM UTC