2020 Eastlake AVE E, Seattle, WA 98102
2020 Eastlake AVE E, Seattle, WA 98102
2020 Eastlake AVE E, Seattle, WA 98102
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Andy Holmstrom

Andy Holmstrom

+1(360) 421-9542
Listed by:John L. Scott, Inc. • Rob Nicholson
$1,475,000
Est. payment /mo
4 Beds
4 Baths
3,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $491

Subdivision Eastlake

MLS Listing ID 2481300

Style 54 - 4-Plex

Bedrooms 4

Year Built 1987

Annual Tax Amount $13,689

Lot Size 5,125 Sqft

Lot Dimensions 5125

Property Sub-Type Multi Family

Property Description

Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant!

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Vinyl

Fireplace false

Exterior

Exterior Feature Brick

Amenities Available High Speed Internet, Patio

View Y/N Yes

View City, Lake, Mountains, Territorial

Roof Type Torch Down

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Andy Holmstrom

Andy Holmstrom

+1(360) 421-9542

Agent | License ID: 80279

Agent License ID: 80279

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