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Listing provided by NWMLS, courtesy of Westlake Associates, Inc.

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Active
$8,850,000
/mo   Edit
MLS# 1546485
Multi-Family/Duplex
Built 1930
0.473 acres
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    Description:   Once-in-a-lifetime opportunity to acquire a one-of-a-kind property. Spectacular 13-unit, courtyard apartment building on huge lot built by legendary developer Frederic Anhalt. Artfully and tastefully restored to better-than-new condition. Beautiful, secluded, quiet location on the SW slope of Queen Anne Hill. Sound, Olympic and sunset views. Extraordinary Spanish-Mediterranean Architecture. Abundant period charm intact, but the apartment features designer kitchens, gas ranges and W/D.

    Interior

    Approx. Sq Ft: 12,393 ft²
    Energy Source: Electric, Natural Gas
    Heating and Cooling: Forced Air
    Floor Covering: Hardwood
    Amenities: Basement, Storage

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98119
    Area: 700
    County: King
    School District: Seattle
    Latitude: 47.62906500
    Longitude: -122.36869600

    Building

    Year Built: 1930
    Roof: Tile
    Exterior: Stucco
    Number of Units in Building: 13

    School

    School District: Seattle
    Junior High: Mc Clure Mid
    Elementary School: Queen Anne
    Senior High: Ballard High

    Lot

    View: Mountain, Sound
    Lot Sq Ft: 20,600 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Queen Anne

    Rent

    Terms: Assumable, Cash Out

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $45,384
    Insurance Expenses: 6500
    Electrical Expenses: 1200
    Heating Expenses: 0
    Other Expenses: 63200
    Total Expenses: 130684
    Tax Year: 2020
    Gross Scheduled Income: 538620
    Vacancy Rate: 4
    Gross Adjusted Income: 517075
    Total Expenses: 130684
    Net Operating Costs: 386391
    Gross Rent Multiplier: 16
    Total Monthly Income: 42935

    Unit 1

    Description Unit 1: 14
    Sq Ft Unit 1: 1,041 ft²
    Bedrooms Unit 1: 1
    Bathrooms Unit 1: 1.00
    Fireplaces Unit 1: 0
    Rent Unit 1: $3,450

    Unit 2

    Description Unit 2: 12
    Sq Ft Unit 2: 869 ft²
    Bedrooms Unit 2: 2
    Bathrooms Unit 2: 1.00
    Fireplaces Unit 2: 0
    Rent Unit 2: $3,595

    Unit 3

    Description Unit 3: 11
    Sq Ft Unit 3: 611 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Fireplaces Unit 3: 0
    Rent Unit 3: $2,470

    Unit 4

    Description Unit 4: 10
    Sq Ft Unit 4: 602 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Fireplaces Unit 4: 0
    Rent Unit 4: $2,295

    Unit 5

    Description Unit 5: 9
    Sq Ft Unit 5: 1,183 ft²
    Bedrooms Unit 5: 2
    Bathrooms Unit 5: 1.00
    Fireplaces Unit 5: 0
    Rent Unit 5: $3,850

    Unit 6

    Description Unit 6: 8
    Sq Ft Unit 6: 1,191 ft²
    Bedrooms Unit 6: 2
    Bathrooms Unit 6: 1.00
    Fireplaces Unit 6: 0
    Rent Unit 6: $3,795

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    Listing provided by NWMLS, courtesy of Westlake Associates, Inc.