4601 Aurora Avenue N, Seattle, WA 98103

$849,950

Listing courtesy of Blue Ridge Realty, Inc..

List Price
$849,950
Status
ACTIVE
MLS#
2285727
Days on Market
102
Annual Tax Ammount
4777

Property Description

Commercial Duplex, ground floor retail+ separate entry upper rental studio or work/live office space. Great owner usage w/high visibility, easy access & parking. Perfect for espresso, cafe or other small business. Was hair salon/current spa usage can be vacated. Extensive building upgrades: plumbing/electrical/fixtures/appliances/heat pump. ADA commercial entry, windows, extra insulations & 50 yr roof. Upper mid-century tall vaulted ceilings & open beams, designer kitchen, new carpets & high end appliances. 3-car park. Prime location 10 minutes to downtown Seattle, 5 min to Greenlake, Fremont, Phinney Ridge & Zoo. Great owner-occ business and/or living opportunity with $55K+ Annual GSI -5.4% Cap Rate projections! Location & Location!

Additional Information

Community
Fremont
Building Condition
Remodeled
Style
60 - Comm Bldg Und 10K
Year Built
1960
# of Assigned Spaces
3
Roof
Composition
Tax Year
2024
Potential Terms
Cash Out, Conventional
Interior Features
Ceramic Tile, Laminate Tile, Wall to Wall Carpet
Flooring
Ceramic Tile, Laminate, See Remarks, Carpet
Driving Directions
Drive south on Aurora to N 46th St, on NE corner.
Energy Source
Electric
Buyer Agency Compensation
2.5
Net Operating Income
$46,036
Gross Adjusted Income
$54,032
Gross Scheduled Income
$55,704
Water/Sewer/Garbage Expenses
$2,020
Cap Rate
5.4
Vacancy Rate
3
Total Expenses
$7,997
Based on information submitted to the MLS GRID as of . 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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