3101 W Jameson Street
Seattle,
WA $849,000
BRING ALL OFFERS Income producing property with steady rents located in one of Seattle’s desired Magnolia neighborhoods near the Lawton Park area . Operate it as-is or redevelop with NC155(M) Zoning and a 5398 sf lot. Seller has no information or reports as to the condition of the property. Current rents are under market and all tenants are current on their rents . Income is proforma - See additional broker remarks - O/M
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Listing ID1755118
Price$849,000
StatusActive
SqFt
2,680
Acres
0.124
CountyKing
SubdivisionMagnolia
Year Built1961
Property TypeCommercial Sale
Property Sub TypeCommercial Industrial
County
King
Price Reduction Date
2024-04-15T19:43:14+00:00
Property Sub Type
Commercial Industrial
Property Type
Commercial Sale
Subdivision
Magnolia
Year Built
1961
Building Area Units
Square Feet
Flooring
Concrete
Interior Features
Concrete
Living Area Units
Square Feet
Depth Of Lot
50
Elevation Units
Feet
Exterior Features
Brick, Cement/Concrete
Foundation Details
Block
Lot Size Square Feet
5398
Lot Size Units
Square Feet
MLS Lot Size Source
King Co
Roof
Flat
Sewer
Sewer Connected
Site Frontage
102
Structure Type
Unspecified
Style Code
60 - Comm Bldg Und 10K
Water Source
Public
Country
US
Expansion Area
false
MLS Area Major
700 - Queen Anne/Magnolia
Topography
Level
Zoning Class
Multi-Family,Retail
Zoning Jurisdiction
City
Boundary Survey
false
Effective Year Built Source
Public Records
Environmental Survey
false
First Right Of Refusal
no
Mls Status
Active
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family, Retail
Power Production Type
Electric
Preliminary Title Ordered
yes
Show Map Link
yes
Year Built Effective
1990
Cap Rate
4.96
Gross Adjusted Income
83750
Gross Rent Multiplier
16
Gross Scheduled Income
83750
Insurance Expense
2241
Net Operating Income
66935
Other Expense
3600
Possession
Tenant's Rights
Sale Type
MLS
Seller Disclosure
Exempt
Special Listing Conditions
None
Tax Annual Amount
10974
Tax Year
2021
Total Expenses
16815
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