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Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors

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Sold
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$3,850,000  (list price)
$4,000,000
/mo   Edit
MLS# 1576689
Multi-Family/Duplex
Built 1959
0.411 acres
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    Description:   17 unit apartment building located just north of Pacific Medical Center in Beacon Hill. Nice mix of Studio, 1BD & 2BD units. Six units have been renovated with new electrical, plumbing, cabinets, countertops, flooring, and upgraded tile finishes in the bathrooms. The large 17, 882 SF lot lends itself well to further updating the existing property and building approximately 4 townhomes on the southeast corner of the parcel.

    Interior

    Approx. Sq Ft: 10,710 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Vinyl, Wall to Wall Carpet
    Amenities: Coin Op Laundry, Storage

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98144
    Area: 385
    County: King
    School District: Seattle
    Latitude: 47.59083300
    Longitude: -122.31444100

    Building

    Year Built: 1959
    Roof: Flat
    Exterior: Brick, Wood, Wood Products
    Number of Units in Building: 17

    School

    School District: Seattle

    Lot

    Lot Sq Ft: 17,882 ft²
    Number of Stories in Building: 3

    Site

    Community Name: Beacon Hill

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $35,568
    Insurance Expenses: 5950
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 41237
    Total Expenses: 100755
    Tax Year: 2020
    Gross Scheduled Income: 257628
    Vacancy Rate: 1
    Gross Adjusted Income: 255052
    Total Expenses: 100755
    Net Operating Costs: 154297
    Gross Rent Multiplier: 15
    Total Monthly Income: 11150

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 750 ft²
    Bedrooms Unit 1: 2
    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: $1,265

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 550 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: $918

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 550 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: $1,125

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 550 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: Y
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,500

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 550 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: $1,040

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 750 ft²
    Bedrooms Unit 6: 2
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Dishwasher Unit 6: N
    Washer/Dryer Unit 6: Y
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,495

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    Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors