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    4005 Rainier Avenue S

    Seattle, WA 98118
    • $750,000
    • STATUS: Active
    • ON SITE: 156 days
    • ID#: 1717643
    UPDATED: 58 min ago
    $750,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1913
    County:

    School Ratings & Info

    Listing Courtesy of Windermere Bellevue Commons.

    Description

    Excellent opportunity for an owner/user. Live in one unit and rent the other or operate a business on the first floor and live or rent the second floor unit. Currently operated as a transitional living facility with rooms rented on an individual basis. Two people per room are in each of the 6 bedrooms and each person pays $500/month. Income potential is great at $6K/month. Zoning allows for single purpose commercial structures, multi-story mixed use, retail, office, medical/dental, restaurants, business support and residential structures. Great income property as is and lots of potential for future development. NC2-55 zoning - 55 feet mid-rise. Great location close to all amenities and downtown Seattle.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-22T22:13:35.323.

    www.nexthomesouthsound.com/homes/113338040
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    4005 Rainier Avenue S Seattle, WA 98118

    • Price: $750,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 1717643
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1913
    Built
    Neighborhood:
    Columbia City
    County:
    King
    Area:
    Southeast Seattle
    Property Description
    Excellent opportunity for an owner/user. Live in one unit and rent the other or operate a business on the first floor and live or rent the second floor unit. Currently operated as a transitional living facility with rooms rented on an individual basis. Two people per room are in each of the 6 bedrooms and each person pays $500/month. Income potential is great at $6K/month. Zoning allows for single purpose commercial structures, multi-story mixed use, retail, office, medical/dental, restaurants, business support and residential structures. Great income property as is and lots of potential for future development. NC2-55 zoning - 55 feet mid-rise. Great location close to all amenities and downtown Seattle.
    Exterior Features

    Carport YN No Exterior Features Wood Foundation Details Concrete Ribbon Open Parking YN No Parking Total 2 Parking Uncovered Total 2 Site Frontage 62 Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Flooring VinylCarpet Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 5000 Electric On Property YN No First Right Of Refusal False Gross Adjusted Income 51989 Gross Scheduled Income 53050 Insurance Expense 1447 Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 15851 Possible Use BusinessCommercialMulti-Family Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 5172 Tax Year 2020 Total Expenses 36138 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 6077 Water Source Public Zoning Class BusinessCommercialMulti-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NextHome South Sound and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-22T22:13:35.323.

     
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    NextHome South Sound
    1570 Wilmington Dr., Suite 200
    DuPont WA, 98327
    Listing Courtesy of Windermere Bellevue Commons.