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Listing provided by NWMLS, courtesy of Venture Real Estate Group LLC

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Active
$1,450,000
/mo   Edit
MLS# 1527186
Multi-Family/Duplex
Built 1912
0.086 acres
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    Description:   Price reduced! Amazing views of Lake Union from every unit, prime Capitol Hill location, new roof 2015, new sewer main 2007, unfinished basement for expansion, possibly add stairs to make current ground floor units larger, possible 5.18%+ cap. Great value add opportunity. 4plex with 1 bed/1 bath units, lives large & spacious, w/ abundance of natural light, hardwoods throughout. LR2 Zoning, easy access to Amazon, SLU, Google, Facebook, I5 and Eastside. Excellent owner occupied property.

    Interior

    Approx. Sq Ft: 2,188 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Hardwood
    Amenities: Basement, Coin Op Laundry, Storage

    Utilities

    Water Company: Seattle
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98102
    Area: 390
    County: King
    School District: Seattle
    Latitude: 47.62986600
    Longitude: -122.32493900

    Building

    Year Built: 1912
    Roof: Flat, Torch Down
    Exterior: Stucco
    Number of Units in Building: 4

    School

    School District: Seattle
    Junior High: Meany Mid
    Elementary School: Lowell
    Senior High: Garfield High

    Lot

    View: City, Lake, Mountain, Territorial
    Lot Details: Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 3,744 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Capitol Hill
    Site Features: Cable TV, Deck

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $9,816
    Insurance Expenses: 1437
    Electrical Expenses: 83
    Heating Expenses: 83
    Other Expenses: 3500
    Total Expenses: 18697
    Tax Year: 2019
    Gross Scheduled Income: 93120
    Vacancy Rate: 3
    Gross Adjusted Income: 90326
    Total Expenses: 18697
    Net Operating Costs: 71629
    Gross Rent Multiplier: 15
    Total Monthly Income: 7484

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 680 ft²
    Bedrooms Unit 1: 1
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: N
    Washer/Dryer Unit 1: N
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,855

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 680 ft²
    Bedrooms Unit 2: 1
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: N
    Washer/Dryer Unit 2: N
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,855

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 680 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: N
    Washer/Dryer Unit 3: N
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,875

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 680 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: N
    Washer/Dryer Unit 4: N
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,875

    Unit 5

    Sq Ft Unit 5: 0 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 0.00
    Fireplaces Unit 5: 0
    Rent Unit 5: None

    Unit 6

    Sq Ft Unit 6: 0 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 0.00
    Fireplaces Unit 6: 0
    Rent Unit 6: None

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    Listing provided by NWMLS, courtesy of Venture Real Estate Group LLC