3315 W Ruffner Street , Seattle, WA 98199

Seattle, WA, United States
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USD $1,450,000
Lots & Land
Active
Source ID 2250709

Description

Great corner lot for townhomes on an alley, 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The 5900sf lot is perfect for developing 5 townhomes under LR1 (M) zoning. Current permitting allows 1 unit per 1,150sf under this zoning. The current apartment houses have four units that are 2 bedroom 1 bath each which currently produce an annual NOI of $63,814 while permitting. Apartments have washer/dryers and there are 4 parking spots off of the alley. Please do not bother the Tenants.

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Disclaimers

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2024. 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.

Last Updated: Dec 21, 2024 8:09 AM

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