Bought with TNC Investment Group LLC
$1,750,000
$1,200,000
45.8%For more information regarding the value of a property, please contact us for a free consultation.
550 Madison AVE N Bainbridge Island, WA 98110
9,464 SqFt
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,464 sqft
Price per Sqft $184
Subdivision Bainbridge Island
MLS Listing ID 1466127
Sold Date 09/12/19
Style 56 - 10+ Units
Year Built 1972
Lot Size 0.720 Acres
Lot Dimensions 174X180
Property Sub-Type Multi-Family
Property Description
13 UNIT APARTMENT COMPLEX (10 - 1 BEDROOM UNITS & 3 - 2 BEDROOM UNITS) IN THE HEART OF BAINBRIDGE ISLAND - RENTS ARE BELOW MARKET DUE TO GRANTS/SUBSIDIES, WHICH EXPIRE IN JULY AND WILL THEN ALLOW THE NEW OWNER TO INCREASE RENTS TO CURRENT MARKET - IDEAL FOR A CONTRACTOR WHO WANTS TO BUILD A HUGE AMOUNT OF SWEAT EQUITY - PAVED, OFF-STREET PARKING - VERY CLOSE TO DOWNTOWN BAINBRIDGE ISLAND AND ALL STORES, SHOPS & SEATTLE FERRY.
Location
State WA
County Kitsap
Area _170Bainbridgeislan
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
Amenities Available Outbuildings, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Bainbridge Isl
School District Bainbridge Island
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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