Views
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Address
8541 Phinney Avenue N Seattle, WA
Price
$ 3,880,000
Property Attributes
  • ID#1876199
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodGreenwood
  • Zip98103
  • Style10+ Units
  • Year Built1979
  • Taxes$ 26768
  • Price$ 3,880,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11538
  • Lot Size11,539 SqFt
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

The James Bon Apartments is a 13-unit apartment complex (12 plus one-nonconforming studio) located in the popular urban hub of 85th and Greenwood. The property has a large, underutilized basement that was permitted to add two 580 SQFT 1x1 units in 2018. Permits have since expired, but the building offers a great value add component with the ability to add at least two units and possibly 3-4 (Buyer to Verify) to the current blueprint. Several units have been remodeled with modern finishes including luxury vinyl flooring, new cabinetry, counter tops, appliances etc… The property also boasts an oversized 11,538 SQFT Lot zoned NC2-65 (M1) Urban Village (no parking requirement) for future development potential.

Price History
1/10/2022 Listed $3,880,000

General Features

Amenities See Remarks
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions Follow I-5 N to Banner Way NE. Take exit 172 from I-5 N, Take N 85th St to your destination.
Exterior Features See Remarks
Flooring See Remarks
High School District Seattle
Insurance Expense 3432
Leasable Area 8262
Lot Size Square Feet 11538
MLS Area 705 - Ballard/Greenlak
Net Operating Income 126458
New Construction No
Open Parking Spaces 13
Possession See Remarks
Possible Use Multi-Family
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Very Good
Roof See Remarks
Senior Community Y/N No
Sewer Available
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Phinney
Structure Type Multi Family
Subdivision Name Greenwood
Tax Annual Amount 26768
Tax Year 2021
Terms Cash Out
Total Units 13
Units Below Grade true
Units In Building Total 13
Utilities Electricity Available
View See Remarks
Water Sewer Garbage 17481
Year Built 1979
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 1

Exterior Features

Building Area Total 11538
Foundation Details See Remarks
Irrigation Water Rights Y/N No
Lot Size Acres 0.2649
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 13
Total Parking 13
View Y/N Yes
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98103

Price
AVG $2.51M
$3.88M
Taxes
AVG $17,975
$26,768
Visits
AVG 56
2
Year Built
AVG 1967
1979
Walkscore
AVG 82
91
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.