18
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Listed by:Paragon Real Estate Advisors • Michael Urquhart
$2,800,000
Est. payment /mo
22 Beds
22 Baths
7,990 SqFt
New
2600 Thorndyke AVE W Seattle, WA 98199
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,990 sqft
Price per Sqft $350
Subdivision Magnolia
MLS Listing ID 2593827
Style 56 - 10+ Units
Bedrooms 22
Year Built 1954
Annual Tax Amount $32,756
Lot Size 0.502 Acres
Property Sub-Type Multi Family
Property Description
This well located 22-unit apartment building sits on a 21,860 square foot LR3 (M) zoned lot in Seattle's Magnolia neighborhood. On the market for the first time in 40 years the building was built in 1954 and offers 22 open one-bedroom units, a common laundry room, 24 storage units, 10 open parking stalls and a community barbecue area. Property has been self-managed for decades, and current rents are well below the market for a small one-bedroom in this submarket, giving a buyer room to add income on turnover. The lot is also a covered land play: a Cone Architecture feasibility study lays out 14 townhomes on this parcel alone, or about 30 across this parcel and the adjoining parcels at 2618 and 2626 Thorndyke Ave W, which are also available. Residents are minutes from Magnolia Village, Discovery Park, Fishermen's Terminal and the Interbay employment corridor, with 15th Ave W, the RapidRide D Line and the Ballard Bridge close by.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Engineered Hardwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Stucco, 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
Listing Terms Cash, Conventional
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