Listed by Cathy Jeney • Paragon Real Estate Advisors. Bought with zSystem Default.
Off market may 2003 for $1.9M
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Studio
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sq ft
1620 N 45th St, Seattle, WA 98103
About this home
Rare opportunity to own a quality mixed use bldg in one of Seattle's best neighborhoods. This property is located just blocks away from Woodland Park Zoo, Greenlake, Gas Works Park, etc. The 3 commercial tenants are stable, with long term leases. The Chinoise Cafe is a well-known, high quality, restaurant. The 7 apartment units are very charming and in excellent condition. The units have hardwood floors and arched ceiling entry, built ins and some units have original French doors.
Multi-familyProperty Type
1926Year Built
6,175 sq ftLot Size
Listed by Cathy Jeney• Paragon Real Estate Advisors
Listed by Eric Smith• Paragon Real Estate Advisors
To support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail character of the area such as housing or offices, where the following characteristics can be achieved: A variety of small to medium-sized neighborhood-serving businesses; Continuous storefronts built to the front lot line; An atmosphere attractive to pedestrians; Shoppers can drive to the area, but walk from store to store. Pedestrian Designation (Suffix P): To preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto modes of transportation to and within the district are strongly favored, and the following characteristics can be achieved: A variety of retail/service activities along the street front; Large number of shops and services per block; Commercial frontage uninterrupted by housing or auto-oriented uses; Pedestrian interest and activity; Minimal pedestrian-auto conflicts.
Permitted uses
Include but are not limited to:
Religious facility
Automotive sales
General retail
Housing-Other
Manufacturing
Mixed use
Office
Medical office
Research & development
Educational / school
Apr 27, 2018 • Final
Electrical permit: over the counter
Install electrical wiring and lighting for a restaurant in a storefront.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Multi-Family Financial Information
Insurance Expense: $7,020
Other Expense: $6,810
Net Operating Income: $127,191
Gross Adjusted Income: 165070
Gross Scheduled Income: $171,948
Total Monthly Income: 14329
Gross Rent Multiplier: 12
Total Expenses: 37879
Multi-Unit Information
Units In Building Total: 10
Vacancy Rate: 4
# of Units (Total): 2
Furnished: Unfurnished
Exterior
Property Information
Style Code: 56 - 10+ Units
Property Type: Residential Income
Property Sub Type: Multi Family
Lot Information
Lot Size Units: Square Feet
Lot Size Acres: 0.1418
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $11,549
Tax Year: 2002
Financial Information
Listing Terms: Cash Out
Buyer Financing: Conventional
Utilities
Utility Information
Sewer: Sewer Connected
Utilities: Sewer Connected
Water Sewer Garbage: 12500
Location
HOA Information
Association Fee Frequency: Annually
School Information
High School District: Seattle
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: King County
APN: —
Home facts updated by county records on Apr 9, 2023
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Thursday, January 9, 2003
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 0
Building Area Total: 0
Building Area Units: Square Feet
Structure Type: Multi Family
Around this home
Schools
K - 12
Preschool & daycare
Green Lake Elementary School
Public PreK-5 • Assigned • 1.1mi
7/10
Hamilton International Middle School
Public 6-8 • Assigned • 0.3mi
8/10
Lincoln High School
Public 9-12 • Assigned • 0.1mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Seattle is known for its iconic waterfront, vibrant neighborhoods, and amazing dining! I love Pike Place Market, Discovery Park, and Ballard's shops and restaurants. From Queen Anne's historic homes to Capitol Hill's modern condos, each neighborhood...