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Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors

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Active
$7,250,000
/mo   Edit
MLS# 1566033
Multi-Family/Duplex
Built 1907
0.161 acres
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    Description:   Trophy asset available in an unbeatable A+ location. The three-story, 17, 890 square foot building provides an investor with an opportunity to own a substantial asset in King County?s most coveted neighborhood. The well-maintained building contains 29 units and an office unit with a bathroom that can easily be converted into a studio unit. The basement presents an additional opportunity to add 2-3 units in common area spaces. Don?t miss out on this rare opportunity!

    Interior

    Approx. Sq Ft: 17,890 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Hardwood, Laminate Hardwood, Vinyl, Wall to Wall Carpet
    Amenities: Coin Op Laundry, Storage

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98122
    Area: 390
    County: King
    School District: Seattle
    Latitude: 47.61617200
    Longitude: -122.32375400

    Building

    Year Built: 1907
    Roof: Flat
    Exterior: Brick, Stone, Wood Products
    Number of Units in Building: 30

    School

    School District: Seattle

    Lot

    View: City
    Lot Details: Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 7,000 ft²
    Number of Stories in Building: 4

    Site

    Community Name: Capitol Hill

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $48,707
    Insurance Expenses: 7923
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 70126
    Total Expenses: 159911
    Tax Year: 2019
    Gross Scheduled Income: 394440
    Vacancy Rate: 4
    Gross Adjusted Income: 378662
    Total Expenses: 159911
    Net Operating Costs: 218751
    Gross Rent Multiplier: 18
    Total Monthly Income: 32870

    Unit 1

    Description Unit 1: 3
    Sq Ft Unit 1: 695 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: $1,475

    Unit 2

    Description Unit 2: 4
    Sq Ft Unit 2: 151 ft²
    Bedrooms Unit 2: 0
    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: $650

    Unit 3

    Description Unit 3: 5
    Sq Ft Unit 3: 350 ft²
    Bedrooms Unit 3: 0
    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: $650

    Unit 4

    Description Unit 4: 6
    Sq Ft Unit 4: 350 ft²
    Bedrooms Unit 4: 0
    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: $650

    Unit 5

    Description Unit 5: 7
    Sq Ft Unit 5: 695 ft²
    Bedrooms Unit 5: 1
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Dishwasher Unit 5: N
    Washer/Dryer Unit 5: N
    Fireplaces Unit 5: 0
    Rent Unit 5: $1,100

    Unit 6

    Description Unit 6: 8
    Sq Ft Unit 6: 695 ft²
    Bedrooms Unit 6: 1
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Dishwasher Unit 6: N
    Washer/Dryer Unit 6: N
    Fireplaces Unit 6: 0
    Rent Unit 6: $860

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    Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors