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2232 Franklin Avenue E

Seattle, WA 98102
  • $3,450,000
  • STATUS: Active
  • MLS #: 2160623
$3,450,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,216
    SQFT
  • $555
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Sea to Sky Realty.
Mortgage Calculator is provided by BoomTown.

Description

Sea to Sky Realty is excited to present the Vista View apartment complex located in the vibrant East Lake neighborhood. With well below market rents, the new owner can immediately realize a rental income increase by up to 25% without any extra work. The zoning allows townhomes to be built on the parking space without affecting the existing apartment building. Seller financing is available. The investor also has the option to acquire the adjacent property, Lorraine (#290220-0695, MLS #2155299) which is under the same ownership, together. The combined lot size of 13,200sf in such a highly-coveted urban residential neighborhood creates a rare opportunity for developers to build either apartment buildings or townhomes.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One Group Prestige are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-18T15:50:41.407. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-18T15:50:41.407. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.reubenbrayhomes.com/homes/144286296
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2232 Franklin Avenue E Seattle, WA 98102

  • Price: $3,450,000
  • Status: Active
  • On Site: Days
  • MLS #: 2160623
0
Beds
0
Baths
0
½ Baths
0.15
Acres
6,216
SQFT
$555
$/SQFT
1963
Built
Neighborhood:
Eastlake
County:
King
Area:
Central Seattle/Genesee/Columbia Cty
School District:
Seattle
Property Description
Sea to Sky Realty is excited to present the Vista View apartment complex located in the vibrant East Lake neighborhood. With well below market rents, the new owner can immediately realize a rental income increase by up to 25% without any extra work. The zoning allows townhomes to be built on the parking space without affecting the existing apartment building. Seller financing is available. The investor also has the option to acquire the adjacent property, Lorraine (#290220-0695, MLS #2155299) which is under the same ownership, together. The combined lot size of 13,200sf in such a highly-coveted urban residential neighborhood creates a rare opportunity for developers to build either apartment buildings or townhomes.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Size Dimensions 6600 Open Parking Spaces 6 Open Parking YN Yes Parking Total 6 Parking Uncovered Spaces 6 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Building Area Total 6216 Cooling None Cooling YN No Fireplace YN No Flooring LaminateVinyl Heating Baseboard Heating YN Yes Interior Features Laminate Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 76141 New Construction YN No Possession ClosingNegotiable Possible Use Multi-Family Power Production Type Electric Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Available Special Listing Conditions None Tax Annual Amount 25479 Tax Year 2024 Units In Building Total 8 Water Source Public Year Built Effective 1999 Zoning Class Multi-Family Zoning Jurisdiction City



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Reuben Bray Homes | Realty One Group Prestige are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-18T15:50:41.407. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-18T15:50:41.407. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Reuben Bray Homes | Realty One Group Prestige
11818 SE Mill Plain Blvd Ste. 403
Vancouver WA, 98684
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Sea to Sky Realty.
Mortgage Calculator is provided by BoomTown.