2901 NE Blakeley Street Unit #3A, Seattle, WA 98105

$500,000

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Listing courtesy of Jason Mitchell Real Estate WA. Selling Office: COMPASS.

Sold Price
$500,000
List Price
$525,000
Status
SOLD
MLS#
2307456
Closing Date
Jan 27, 2025
Days on Market
136
Annual Tax Ammount
4257

Property Description

Seize the opportunity to own a commercial condo with a 6.28% CAP rate in the desirable Blakeley Commons, adjacent to the newly renovated University Village shopping center. This versatile flex space is currently leased as a professional office, featuring a smartly designed open floor plan with private work areas. Enjoy premium street frontage at sidewalk level, a wall of windows, ADA access, and 2 deeded garage parking spaces. Located in the heart of major retail, medical, tech, and education industries. Buyer and Buyer Broker to verify all information to their satisfaction.

Additional Information

Community
University District
Building Condition
Very Good
Style
61 - Comm Bldg Ovr 10K
Year Built
2004
Roof
Green (Living)
Tax Year
2024
HOA Dues
$291
Potential Terms
Cash Out, Conventional
Interior Features
Ceramic Tile, Wall to Wall Carpet
Flooring
Ceramic Tile, Carpet
Driving Directions
Going North on 25th Ave NE passing University Village, Right on NE Blakeley st. follow approx 2.5 blocks. Subject is located in a street front commercial space near Zoka Coffee.
Electric Expenses
500
Other Expenses
2531
Energy Source
Electric
Net Operating Income
$33,016
Gross Adjusted Income
$44,281
Gross Scheduled Income
$44,281
Water/Sewer/Garbage Expenses
$3,492
Cap Rate
6
Total Expenses
$11,265
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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