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

May 9, 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 5/20/2024. 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.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 5/20/2024 at 4:00 PM UTC 

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