4750 University Way Ne, Seattle, WA 98105
  • MLS#: NWM1872358 ( Residential Income )
  • Street Address: 4750 University Way Ne
  • Viewed: 19
  • Price: $4,500,000
  • Price sqft: $369
  • Waterfront:
  • Year Built: 1958
  • Bldg sqft: 12182
  • Additional Information
  • Geolocation: 47.6645 / -122.313
  • County: KING
  • City: Seattle
  • Zipcode: 98105
  • Subdivision: University District
  • Elementary School: Green Lake
  • Middle School: Hamilton Mid
  • High School: Lincoln
  • Provided by: Windermere Real Estate Co.
  • Northwest Multiple Listing Service
  • DMCA Notice
  • Description
    Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid century mixed use building on the Ave by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub market with focused, high demand renter base or develop in accordance with N3P 65 (M1) zoning. Steps from new mixed use Safeway valued at $90M & adjacent 24 story M Tower, both by LA based Fields Holdings.
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Brick
  2. Cement/Concrete
  3. Metal/Vinyl
  4. Stone
Furnished
  1. Unfurnished
Garage Spaces
  1. 0.00
Green Energy Efficient
  1. Thermal Windows
High School
  1. Lincoln High
Insurance Expense
  1. 10000.00
Living Area
  1. 0.00
Lot Features
  1. Alley
  2. Curbs
  3. Paved
  4. Sidewalk
Middle School
  1. Hamilton Mid
Area Major
  1. 710 - North Seattle
Net Operating Income
  1. 265988.00
Open Parking Spaces
  1. 1.00
Other Expense
  1. 64271.00
Parcel Number
  1. 8816400350
Possession
  1. Closing
  2. See Remarks
  3. Tenant's Rights
Possible Use
  1. Multi-Family
  2. Retail
  3. See Remarks
Property Condition
  1. Fair
Property Type
  1. Residential Income
Roof
  1. Flat
  2. Torch Down
School Elementary
  1. Green Lake
Sewer
  1. Sewer Connected
Tax Year
  1. 2021
Utilities
  1. Cable Connected
  2. Natural Gas Available
  3. Sewer Connected
  4. Electricity Available
View
  1. Territorial
Views
  1. 19
Water Source
  1. Public
Year Built
  1. 1958
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