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    11463 Rainer Avenue S

    Seattle, WA 98178
    • $1,890,000
    • STATUS: Active
    • ON SITE: 99 days
    • ID#: 1723782
    $1,890,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:

    School Ratings & Info

    Listing Courtesy of Real Home Network.

    Description

    Listing includes multi tenant with renewed lease. Property includes two separate lots and buildings (Tax ID: 413680-0135-00 (5,343 sqft) and 118000-1765-03 (6,250 sqft)). Tenant mixture includes dry clean, bakery, and cannabis shop. All rents are paid up to date. Annual gross rent is $102,000. Seller will consider owner financing with 50% down payment for three years. Building 100% leased. All tenant paid rent all through the pandemic.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-05-13T00:14:21.277.

    www.pickettstreetproperties.com/homes/113863445
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    11463 Rainer Avenue S Seattle, WA 98178

    • Price: $1,890,000
    • Status: Active
    • ID#: 1723782
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    1968
    Built
    Neighborhood:
    Rainier Beach
    County:
    King
    Area:
    Southeast Seattle
    Property Description
    Listing includes multi tenant with renewed lease. Property includes two separate lots and buildings (Tax ID: 413680-0135-00 (5,343 sqft) and 118000-1765-03 (6,250 sqft)). Tenant mixture includes dry clean, bakery, and cannabis shop. All rents are paid up to date. Annual gross rent is $102,000. Seller will consider owner financing with 50% down payment for three years. Building 100% leased. All tenant paid rent all through the pandemic.
    Exterior Features

    Carport YN No Exterior Features Brick Foundation Details Poured Concrete Open Parking YN No Parking Total 10 Parking Uncovered Total 10 Roof CompositionFlatTorch Down Structure Type Retail Style Code 75 - Retail Topography Level

    Interior Features

    Fireplace YN No Flooring Ceramic TileConcreteEngineered HardwoodStone Furnished Unfurnished Heating Cooling Type Radiator Heating YN Yes Interior Features Ceramic Tile

    Property Features

    Electric Expense 0 Electric On Property YN No Fuel Expense 0 Gross Adjusted Income 80000 Gross Scheduled Income 102000 Insurance Expense 4300 Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 12 And 3 Net Operating Income 75000 Possible Use BusinessCommercial Power Production Type ElectricNatural Gas Property Condition Average Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 1087700 Tax Year 2020 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 1350 Water Source Public Zoning Class BusinessCommercial Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pickett Street Properties and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-05-13T00:14:21.277.

     
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    Pickett Street Properties
    22614 Bothell Everett Hwy
    Bothell WA, 98021
    Listing Courtesy of Real Home Network.