8320 5th Avenue NE, Seattle, WA 98115

WA, Seattle
$2,510,000
  • 0.14 Acre
  • Residential Income Property Type
  • 1991 Year Built
  • Closed Status
Property Description

1st time on market since it was built in 1991, the Chalet is a rare opportunity to own a quality mixed-use building in a popular residential area of Maple Leaf. 5 townhome units, 1 studio w private balcony, & 2 commercial spaces. Generously-sized at approx. 1200 sf, the TH units feat 2-beds/1.5-bh offering an abundance of natural light. The commercial office suites have to 2 private restrooms & addtl storage. Well-maintained w/ secure street-level garage parking. Common laundry w/ 2 sets of leased W/D. Fully rented w/ low historic vacancy. This is the perfect opportunity for an investor to realize significant rental upside & maximize rental income through a light value-add renovation & taking advantage of additional efficiencies.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2133414
  • Price: $2,510,000
  • View: Territorial
  • Year Built: 1991
  • Lot Area: 0.14 Acre
  • Status: Closed
  • Office Name: Lee & Associates Commercial RE
  • Agent Name: Dea Sumantri
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Forced Air
  • Cooling System Other – See Remarks
  • Exterior Features Cement Planked
  • Flooring Carpet, Vinyl Plank, Vinyl
  • Interior Features Wall to Wall Carpet
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Seattle
  • Zipcode 98115
  • Street: 5th
  • Street Number: 8320
  • Street Suffix: Avenue
  • Longitude: W123° 40' 38.1''
  • Latitude: N47° 41' 22''
  • Directions: I-5 S exit 170, take 8th ave NE. Continue straight onto Weedin Pl NE, continue straight on to 5th Ave NE, building on the right
  • Mls Area Major: 710 - North Seattle
  • Street Dir Suffix: NE
Neighborhood
  • High School District: Seattle
Additional Information
  • Lot Size Dimensions: 6120
  • Water Source: Public
  • Virtual Tour: Virtual Tour
  • Stories Total: 3
  • Possible Use: Commercial,Multi-Family
  • On Market Date: 2023-07-05
  • Number Of Units Total: 8
  • Lot Features: Paved, Curbs, Sidewalk
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 26283
Listing Information
  • Co List Agent Full Name: Christopher Larsen
  • Co List Agent Mls Id: 134405
  • Co List Office Mls Id: 6426
  • Co List Office Name: Lee & Associates Commercial RE
  • List Agent Mls Id: 132699
  • List Office Mls Id: 6432
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:47:18Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-10-16T23:06:11Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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