550 Madison Ave N

$1,200,000, 9,464 Sqft .72 Acres

Listing Office: John L. Scott, Inc.

About This Property

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.

Essential Information

MLS® #1466127
Price$1,200,000
Bathrooms0.00
Square Footage9,464
Acres0.72
Year Built1972
TypeMulti Family
Sub-Type56 - 6-9 Units
StatusPending

Community Information

Address550 Madison Ave N
AreaBainbridge Islan
SubdivisionBainbridge Island
CityBainbridge Island
CountyKitsap
StateWA
Zip Code98110

Interior

HeatingBaseboard

Exterior

ExteriorWood
Lot DescriptionCurbs, Paved Street
RoofComposition
FoundationSlab

School Information

DistrictBainbridge Island
ElementaryBuyer To Verify
MiddleBuyer To Verify
HighBainbridge Isl

Additional Information

Days on Market11
Cumulative Days on Market11
ZoningResidential

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All listings featuring the icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2019. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by Sterling Johnston Real Estate and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing information last updated on September 14th, 2019 at 11:06pm PDT.

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