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Magnolia Assemblage

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Magnolia Assemblage

2600 2626 Thorndyke Ave W, Seattle, WA 98199
Multi-Family,Land For Sale Available Cap Rate 6.41% Built 1967 4 floors Zoning: LR3 (M)
Asking Price
$6,225,000
Total Building17,406 SF
Land34,262 SF land
MarketQueen Anne/Magnolia
CountyKing

Read Overview
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Overview

Property ID
306290
Listing ID
709171
Type
Land
Asset Class
Multi-Family,Land
Zoning
LR3 (M)

Description

The Magnolia Assemblage offers a new investor the ability to acquire a 3 building portfolio suitable for a value-add opportunity located in a core Seattle area. The current arrangement offers 31 multi-family units plus a single family house. All together the assemblage represents 34,262 square feet of LR3 (M) zoned dirt suitable for a development of +/- 30 townhouses.

Listing Courtesy of:

BP
Brian Platt
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
State: WA City: Seattle ZIP: 98199 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.