3911 Woodland Park AVE N, Seattle, WA 98103
3911 Woodland Park AVE N, Seattle, WA 98103
3911 Woodland Park AVE N, Seattle, WA 98103
3911 Woodland Park AVE N, Seattle, WA 98103
3911 Woodland Park AVE N, Seattle, WA 98103
3911 Woodland Park AVE N, Seattle, WA 98103
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Michael Green

Michael Green

+1(405) 227-5773
Listed by:Paragon Real Estate Advisors • Will Douglas
$ 1,525,000
Est. payment | /mo

10 Beds

6 Baths

5,170 SqFt

Save
$ 1,525,000
Est. payment | /mo
Save

10 Beds

6 Baths

5,170 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,170 sqft

Price per Sqft $294

Subdivision Fremont

MLS Listing ID 2596394

Style 55 - 5-9 Units

Bedrooms 10

Year Built 1918

Annual Tax Amount $17,601

Lot Size 4,800 Sqft

Property Sub-Type Multi Family

New Construction No

Property Description

The Woodland Park Ave Apartment is on the market for the first time in over 28 years! This charming five-unit apartment building is tucked between two of Seattle's most vibrant and sought-after neighborhoods, Fremont and Wallingford, making for a great investment for an opportunist who is bullish on Seattle. Originally built in 1918, with a connected triplex addition added in 1986, Woodland Park Ave Apartments offers a well-balanced mix of five units: 1 - one-bedroom, one-bathroom unit, 3 - two-bedroom, one-bathroom units, and 1 - spacious three-bedroom, one-and-a-half-bathroom unit, totaling approximately 5,170 net rentable square feet. Each unit comes with its own washer/dryer, water heater, full kitchen appliance package and electric wall heat. The building is equipped with vinyl frame dual-pane windows and all electrical systems throughout the property are up-to-code and in good working condition. The triplex addition is fully sprinklered and has copper plumbing while the main house is a mix of plumbing. In-place rents are currently more than 40% below market, providing an incoming owner with immediate, low-lift upside by bringing units to market rents as they naturally turn over. Additional value can be created through interior renovations. There is also untapped income potential through parking and utility bill-backs that have yet to be implemented.

Location

Province WA

County King

Area 705 - Ballard/Greenlake

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Available

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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3911 Woodland Park AVE N

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