About 7070 E Marginal Way S
Convert this motel into a 16 unit apartment complex! Estimated renovation cost at $1,300,000 for an estimated $3,000,000 finished value. Tons of sweat equity to be had as an investment. All numbers provided on rents/financials are an estimate proforma based on a newly renovated complex. There is currently no income on the building. Unit sizes would range from 346 sq ft to 433 sq feet. 4 units in the basement, 6 units on main floor, and 6 units upstairs. Tons of parking available on site. Tax Assessed Value at $1,945,500! Est. value of $3.1M after renovations into a multi-family dwelling are complete.
Features of 7070 E Marginal Way S
| MLS® # | 2362738 |
|---|---|
| List Price | $1,200,000 |
| Sale Price | $1,050,000 |
| Price Per SqFt | $133 |
| Bathrooms | 0.00 |
| Square Footage | 7,890 |
| Acres | 0.24 |
| Year Built | 1919 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 7070 E Marginal Way S |
|---|---|
| Area | 385 - SODO/Beacon Hill |
| Subdivision | Georgetown |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98108 |
Amenities
| Parking Spaces | 22 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Corner Lot, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Seattle |
|---|---|
| Elementary | Buyer To Verify |
| Middle | Buyer To Verify |
| High | Buyer To Verify |
Additional Information
| Days on Market | 48 |
|---|---|
| Cumulative Days on Market | 48 |
| Days on Website | 56 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |