2415 8th Ave N $2,400,000

    Close

    2415 8th Ave N Seattle, WA 98109

    • 0 Beds
    • 0 Baths
    • 6,760 sq.ft.
    • Multi-Family
    Listing# 1479275
    SOLD 9/6/2019

    $2,400,000

    Days On Market: 41 4 Views
    Add to Favorites Share

    Property Details

    Price Reduced! 9-unit (including one non-conforming unit) building located on the east side of Queen Anne near South Lake Union and Downtown Seattle. This is the first time the Sherri Lee has been marketed for purchase since it was built in 1962. This is an extremely rare opportunity for an investor to acquire an asset with views of Lake Union and repositioning upside.

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Square Footage 7,000
      • Number of Stories 4
      • Number of Units 9
      • Style 55-5-9 Units
      • Year Built 1962
    • Building Features
      • Roof Flat
      • Exterior Cement/Concrete
      • Approx SqFt 6,760
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $18,800
      • Net Operating Income $159,369
      • Gross Scheduled Income $225,600
      • Gross Adjusted Income $216,576
      • Total Expenses $57,207
      • Other Expenses $15,762
      • Insurance Expenses $3,100
      • Expenses $57,207
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 10
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $23,972
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

    Neighborhood

    98109 (Seattle) Demographics

    33Median Age
    12,959Population Density (per sq. mile)
    77%College Educated
    $90,834 Estimated Median Income
    4,153Estimated Total Home Owners
    10,576Estimated Total Renters
    28% / 72%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    25,906Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $659,000 Median Sales Price
    29 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/6/2019 12:00:00 AM Sold Source New Value: $2,400,000
        6/27/2019 9:31:09 AM Status Changed Source New Value: Pending

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.

        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.