10032 16th Avenue SW, Seattle, WA 98146

$755,000

Listing courtesy of John L. Scott Westwood. Selling Office: The Preview Group.

Sold Price
$755,000
List Price
$795,000
Status
SOLD
MLS#
1745728
Closing Date
Mar 07, 2022
Days on Market
155
Annual Tax Ammount
6538

Property Description

Outstanding rapidly upgrading/changing White Center Business district zoned CSBO open to many uses. The face lift of White Center business district is underway and property like this provide great opportunity and reward for your entrepreneurial vision and spirit. Big plus your centrally located and close proximity to downtown Seattle, Sea-Tac Airport and easy quick access to freeways in all directions. On street parking and 7 off street parking spaces accessed from paved alley. Multiple addresses 10032 & 34 & 36 & 38 providing 4 income streams. Plenty of upside to this property.

Additional Information

Community
White Center
Building Condition
Good
Style
60 - Comm Bldg Und 10K
Year Built
1944
# of Assigned Spaces
7
Roof
Torch Down
Tax Year
2020
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Concrete, Laminate Hardwood, Wall to Wall Carpet
Flooring
Concrete, Laminate, Vinyl, Carpet
Driving Directions
From SW Roxbury proceed south 4 1/2 blocks. From Ambaum Boulevard head north. Property on east side of 16th SW.
Energy Source
Electric, Natural Gas
Net Operating Income
$61,040
Gross Adjusted Income
$74,271
Gross Scheduled Income
$78,180
Water/Sewer/Garbage Expenses
$3,240
Cap Rate
7.67
Vacancy Rate
5
Total Expenses
$13,231
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