4558 17th Avenue NE, Seattle, WA 98105

$1,895,000
5,520
SqFt

Listing courtesy of RE/MAX Metro Realty, Inc..

List Price
$1,895,000
Status
PENDING
MLS#
1874791
Days on Market
15
Style
56 - 10+ Units
Building Condition
Very Good
Finished SqFt
5,520
Area Total SqFt
5520
Lot Size (sq ft)
4,320

Property Description

Rarely available 5,520 sq ft Sorority Annex House on corner lot in heart of UW Greek Row! Impeccably maintained 10 bedroom mid century structure with large open spaces. Huge bunk room, multiple storage areas and oversized existing bedrooms could easily convert to make additional bedrooms. New roof & boiler heating system, consistent maintenance history. Separate entries, 5.75 baths, good ceiling height on lower level. LR3(M) zoning on 4,320 sq ft lot could set up well for multi-family conversion or other development opportunities. Add another story? Rent it as is, landbank and develop down the road or customize to make this a trophy income property in an unparalleled location. Opportunities like these don't come along often - don't miss it!

Additional Information

List Date
2022-01-11 03:38:09
Community
University District
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
1955
View
Territorial
Roof
Flat, See Remarks
Site Features
Gas Available
Heating/Cooling Type
Radiant
Electric Expenses
100
Other Expenses
1681
Energy Source
Natural Gas
School District
Seattle
Total Monthly Income
$11,000
Gross Scheduled Income
$132,000
Vacancy Rate
3
Gross Adjusted Income
$128,040
Tax Year
2021
Insurance Expense
$6,509
W/S/G Expenses
$4,284
Total Expenses
$28,300
Net Operating Income
$99,740
Gross Rent Multiplier
14
Cap Rate
5
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