Bought with Specialty Real Estate Group
$1,050,000
$1,200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
7,890 SqFt
SOLD DATE : 08/26/2025
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,890 sqft
Price per Sqft $133
Subdivision Georgetown
MLS Listing ID 2362738
Sold Date 08/26/25
Style 56 - 10+ Units
Year Built 1919
Annual Tax Amount $35,022
Lot Size 10,443 Sqft
Property Sub-Type Multi Family
Property Description
Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.
Location
State WA
County King
Area 385 - Sodo/Beacon Hill
Interior
Flooring See Remarks
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially
View Y/N No
Roof Type Torch Down
Building
Lot Description Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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