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

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Active
$2,950,000
/mo   Edit
MLS# 1471134
Multi-Family/Duplex
Built 1905
0.116 acres
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    Description:   A classic 20-unit apt bldg, ideally situated steps from future Light Rail Station and the UW. Originally built as student housing for the UW, it has been upgraded to a conforming apt bldg, while maintaining it's existing old world charm. Each unit has individual kitchens and 14 units have individual bathrooms. The remaining 6 units share 3 bathrooms, one located on each floor. Units have been updated with modern lighting, new floors & appliances. Interior/Exterior has been freshly painted.

    Interior

    Approx. Sq Ft: 7,346 ft²
    Energy Source: Electric, Natural Gas
    Heating and Cooling: Radiator

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98105
    Area: 710
    County: King
    School District: Seattle
    Latitude: 47.66589400
    Longitude: -122.31448900

    Building

    Year Built: 1905
    Roof: Composition
    Exterior: Wood Products
    Number of Units in Building: 20

    School

    School District: Seattle

    Lot

    Lot Sq Ft: 5,037 ft²
    Number of Stories in Building: 3

    Site

    Community Name: University District

    Rent

    Terms: Cash Out

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $20,162
    Insurance Expenses: 4400
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 29500
    Total Expenses: 72062
    Tax Year: 2018
    Gross Scheduled Income: 251100
    Vacancy Rate: 3
    Gross Adjusted Income: 243567
    Total Expenses: 72062
    Net Operating Costs: 167505
    Gross Rent Multiplier: 13
    Total Monthly Income: 20916

    Unit 1

    Description Unit 1: Office
    Sq Ft Unit 1: 180 ft²
    Bedrooms Unit 1: 0
    Bathrooms Unit 1: 0.00
    Fireplaces Unit 1: 0
    Rent Unit 1: $850

    Unit 2

    Description Unit 2: 16
    Sq Ft Unit 2: 280 ft²
    Bedrooms Unit 2: 0
    Bathrooms Unit 2: 0.00
    Fireplaces Unit 2: 0
    Rent Unit 2: $850

    Unit 3

    Description Unit 3: 15
    Sq Ft Unit 3: 245 ft²
    Bedrooms Unit 3: 0
    Bathrooms Unit 3: 1.00
    Fireplaces Unit 3: 0
    Rent Unit 3: $950

    Unit 4

    Description Unit 4: 14
    Sq Ft Unit 4: 245 ft²
    Bedrooms Unit 4: 0
    Bathrooms Unit 4: 0.00
    Fireplaces Unit 4: 0
    Rent Unit 4: $995

    Unit 5

    Description Unit 5: 13
    Sq Ft Unit 5: 285 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 1.00
    Fireplaces Unit 5: 0
    Rent Unit 5: $950

    Unit 6

    Description Unit 6: 12
    Sq Ft Unit 6: 350 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 1.00
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,025

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