Bought with Keller Williams Downtown Sea
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2451 Aurora AVE N Seattle, WA 98109
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Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 1537950
Sold Date 03/10/20
Style 64 - Hotel/Motel
Year Built 1950
Annual Tax Amount $22,156
Lot Size 0.453 Acres
Property Description
Hillside Motel - 20 Units in Highly Desirable Queen Anne Neighborhood. 12 Unit Motel - 3,182 SQFT | 8-Plex - 3,582 SQFT | 19,723 SQFT Lot. New MHA Zoning: C1-55 (M) | 3.75 FAR allows for flexible redevelopment options including Multi-Family, Office, Retail, Hotel, Industrial, Etc. Value-Add Opportunity for an investor interested increasing gross revenue through renovations, and reducing expenses through better management. 2019 Actual NOI: $234,393 | Actual Cap Rate: 10.2%.
Location
State WA
County King
Area 700 - Queen Anne/Magno
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Wood
Utilities Available Sewer Connected, Electricity Available
Roof Type Composition, Metal
Building
Sewer Sewer Connected
Water Public
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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