714 & 716 N Motor Place, Seattle, WA 98103

$1,075,000
1,470
SqFt

Listing courtesy of Kidder Mathews.

List Price
$1,075,000
Status
PENDING
MLS#
1747997
Days on Market
15
Style
52 - Duplex
Finished SqFt
1,470
Lot Size (sq ft)
5,000

Property Description

Located in the heart of Seattle's vibrant and walkable Fremont neighborhood, 714 & 716 N Motor Place is a 5000 square foot, LR2-Zoned lot currently containing two occupied single-family homes. The property is exceptionally positioned less than a block from Fremont Avenue's outstanding restaurant, coffee shop, retail and grocery offerings, and roughly a half-mile to Freemont Commercial core. The Fremont Townhouse Site offers a new owner the opportunity to potentially construct four or five luxury townhomes while producing cash flow during the planning and permitting process or to simply buy and home the existing two-unit property for cash flow. Buyer to verify development potential.

Additional Information

List Date
2021-03-25 00:00:00
Community
Fremont
Property Type
MULT
Units
2
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1915
Exterior
Wood
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Bf Day
Middle School
Hamilton Mid
High School
Lincoln High
Total Monthly Income
$3,120
Gross Scheduled Income
$37,440
Gross Adjusted Income
$37,440
Annual Taxes
$9,854
Tax Year
2021
Insurance Expense
$719
Total Expenses
$10,573
Net Operating Income
$26,867
Gross Rent Multiplier
29
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
570
Unit 1 Rent
$1,595
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
620
Unit 2 Rent
$1,525
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