3422 21st Avenue W, Seattle WA, 98199
(Active)
$2,000,000
|
6,835 sqft
|
MLS# 2233647
Last Updated: 5/19/2024 3:32 PM
Description for
3422 21st Avenue W
Seattle, WA 98199
Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.
Price
$2,000,000
Magnolia
King
6,835 (approx)
2233647
Active
Description
Enjoy cashflow & stability while planning future development upside! Current financials of this building are above average for comps but the differentiating quality of this opportunity is found in the extraordinary upside. 6-unit building (five are 2bedrooms) w/ addtl SFH (2bds/1ba) sits on a 7,650 sqft street-to-street lot w/ coveted LR-3 zoning. Three viable upside options: 1) add rental units or build/sell townhomes where SFH currently sits; 2) expand existing units into under-utilized interior space (there are two large interior staircases, one could be repurposed to pick up an entire bedroom on three units); and 3) align rents with market-rate. Loads of off-street parking. Close commute to high-income jobs + Whole Foods & Trader Joe's.
Listing Information
| Property Type: Multi-Family, 3+ Story | ||
| 0.18 Acres | 6,835 (approx) | 1968 |
| 3 | Vinyl siding | Multi-Family |
Magnolia
Public
Sewer Connected
Neighborhood
School Information
| District: Seattle | ||
| Magnolia Elementary | Mc Clure Mid | Ballard High |
Room Information
Interior Features
Vinyl, Carpet
None
Electric Heating
Wall to Wall Carpet
Exterior / Lot Features
10 Parking Spaces,
Vinyl
Other
Driving Directions
From W Dravus ST, turn North on 20th Ave W. 6-unit building on west side of street. Access the 7th unit (house) on opposite side of structure off of 21st AVE W.
Financial Considerations
| 2771102065 |
| $18,621 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98199 has a population of 758,862.
The median household income in Seattle, Washington 98199 is $122,944. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98199 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/7/2024 | Active | $2,000,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $18,317 USD | - | $2,105,000 USD | - |
| 2022 | $18,317 USD | -6.66% | $2,105,000 USD | 3.03% |
| 2020 | $19,623 USD | 25.28% | $2,043,000 USD | 14.90% |
| 2019 | $15,663 USD | -4.73% | $1,778,000 USD | - |
| 2018 | $16,440 USD | 6.82% | $1,778,000 USD | 9.21% |