4908 Rainier Avenue S, Seattle, WA 98118
- $3,175,000
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Realty Brokers Inc.
- Sold Price
- $3,175,000
- List Price
- $3,367,500
- Status
- SOLD
- MLS#
- 2165559
- Closing Date
- Nov 03, 2023
- Days on Market
- 0
- Annual Tax Ammount
- 10022
Property Description
The Weed Building of Columbia City is nestled in one of Seattle's most coveted neighborhoods. This historic property offers easy access to numerous amenities just steps away. The property boasts three commercial spaces on its ground floor and four residential units above. In 2010, the property underwent a significant renovation, encompassing a complete update of all interior finishes, the building's systems, and exterior renovations. With its tasteful upgrades, this well-maintained property guarantees that new ownership will enjoy a low-maintenance asset for years to come. Additionally, its strategic location positions it perfectly to fully benefit from the ongoing growth in Columbia City.
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Additional Information
- Community
- Columbia City
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1907
- Roof
- Flat
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Driving Directions
- From I5 S take exit 163A for S Columbian Way. Keep L. Merge onto S Colombian Way. Slight R onto 15th Ave S, Slight L on Columbian Way. Straight on Alaska. R on Rainier Ave. Property on the L.
- Other Expenses
- 3900
- Energy Source
- Electric
- Net Operating Income
- $125,798
- Gross Adjusted Income
- $150,040
- Gross Scheduled Income
- $154,680
- Water/Sewer/Garbage Expenses
- $6,952
- Cap Rate
- 3.74
- Vacancy Rate
- 3
- Total Expenses
- $24,242
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.