8523 23rd Avenue NE Seattle, WA 98115
Listing Courtesy of: Northwest MLS / Blake Investment Advisors and Windermere Real Estate Central

  8523 23rd Avenue NE Seattle, WA 98115

Sold (212 Days)

Description

SELLER FINANCING with POSITIVE LEVERAGE ~ Investors can acquire a well-maintained asset with improvements that combine to create a turnkey investment and durable income stream via attractive purchasing terms offered by the seller. Terms include a 25% down payment, a 4.5% rate with interest-only payments, and a 7-year term. Improvements like ductless mini-split heat pumps, which are significantly more efficient and provide heat and air conditioning to the units. A new 25-year roof was placed in service 5 years ago, new water heaters, and a hot water circulation pump create ready-to-use hot water on-demand saving time and money. Opportunity exists to institute utility bill back and install washers and dryers in the units to increase rents.

MLS #:
2197876
Taxes
$9,655(2023)
Lot Size
6,260 SQFT
Type
Multifamily
Year Built
1970
Style
4-Plex
School District
Seattle
County
King County
Community
Wedgwood

Listed By

Gabe Blake, Blake Investment Advisors
Bought with
Rolan Eleazar, Windermere Real Estate Central
Source
Northwest MLS as distributed by MLS Grid
Last checked May 16 2024 at 5:41 PM GMT-0800
Bathroom Details
Subdivision
  • Wedgwood
Flooring
  • Vinyl Plank
Exterior Features
  • Wood Products
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Efficiency: Thermal Windows
Additional Listing Info
  • Buyer Brokerage Commission: 2
Disclaimer: Based on information submitted to the MLS GRID as of 2024 5/16/24 10:41. 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.