Provided by NWMLS, Listed by Michael Urquhart, Paragon Real Estate Advisors
6522 Phinney Avenue N
Seattle, WA, 98103
$3,175,000
$448 per ft²
$3,175,000
$448 per ft²
Active Under Contract
Active Under Contract
- For Sale7,080 ft²
Multi-family
Built 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).
MLS® ID:
2040937
Listed:
3/1/23
Updated:
5/29/23
Windermere Real Estate GH LLC
Adam Cobb
Interior Features
Total Bedrooms
0
Total Bathrooms
0
Cooling
Other See Remarks
Heating
Baseboard
Exterior/Building Features
Lot Size
3,452 ft² lot
Exterior Features
Brick
Architectural Style
Multi Family
Roof
Flat
Sewer
Sewer Connected
School Information
High School
Seattle
Other Property Details
Area Name
705 - Ballard/Greenlak
Taxes
$24871
Tax Frequency
per YEAR
Garage
No
Parking
2
Parking Total
2.0
View
N
County
King
Pool
No
Total Stories
3
Buyer Agency Compensation
2
Property History
Date
Event
Price
Value
4/26/23
Active Under Contract
-
-
Provided by NWMLS, Listed by Michael Urquhart, Paragon Real Estate Advisors
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Data last updated 1:46 AM UTC, 5/29/23
Windermere Real Estate GH LLC
Adam Cobb
