Bought with ZNonMember-Office-MLS
$8,900,000
$10,700,000
16.8%For more information regarding the value of a property, please contact us for a free consultation.
711 N 35th ST Seattle, WA 98103
17,414 SqFt
Key Details
Sold Price $8,900,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 17,414 sqft
Price per Sqft $511
Subdivision Fremont
MLS Listing ID 2360738
Style 56 - 10+ Units
Year Built 2001
Annual Tax Amount $79,724
Lot Size 7,583 Sqft
Property Sub-Type Multi Family
Property Description
he Equinox is a premier investment opportunity in Seattle's highly desirable Fremont neighborhood. It features 23 apartments and 5 commercial units. A $2.1M capital improvement project in 2024/2025 added a new roof, siding, & an updated lobby. Units include high-end finishes, LVP flooring, SS appliances, and in-unit WD with views of Lake Union. Three large units were converted into 9 studios/SEDUs, with potential for 10 more units through add'l conversions. Five new units are master leased. Income from commercial tenants and a cell tower lease enhance revenue stability. Strong cash flow, diverse income from commercial tenants and a cell tower lease, and expansion potential make this a rare core asset in a high-demand, high-barrier market.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Flooring Laminate
Exterior
Exterior Feature Cement Planked, Metal/Vinyl, See Remarks
Amenities Available Deck, High Speed Internet, Patio, Rooftop Deck, Sprinkler System
View Y/N Yes
View City, Lake, Mountain(s), Partial, See Remarks
Roof Type Flat,See Remarks
Building
Lot Description Adjacent to Public Land, Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out, Conventional, See Remarks
Listing Terms Cash Out, Conventional, See Remarks
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