Listing provided by NWMLS, courtesy of Globenex Realty

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Active
$2,795,000
/mo   Edit
MLS# 1539584
Multi-Family/Duplex
Built 1909
0.149 acres
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    Description:   Hard to find, located in the heart of University of Washington, the 12 units apartment offers great configuration, each home as 1 bed or 2beds, and one bath, individual kitchen, metered gas heater, in building laundry rooms. The building has new roof, gutters (including leaf relief gutter protection system) which replaced in June 2019. Good cap rate of 5.05% with huge upside potential. Great opportunity to add this HOT property in your portfolio. Fantastic year round occupancy . Always rented.

    Interior

    Approx. Sq Ft: 4,610 ft²
    Energy Source: Electric, Natural Gas
    Heating and Cooling: Forced Air

    Utilities

    Water Company: City of Seattle
    Sewer: Available

    Location

    City: Seattle
    State: WA
    Zip Code: 98105
    Area: 710
    County: King
    School District: Seattle
    Latitude: 47.66745300
    Longitude: -122.30994800

    Building

    Year Built: 1909
    Roof: Composition
    Exterior: No
    Number of Units in Building: 12

    School

    School District: Seattle
    Junior High: Hamilton Mid
    Elementary School: Green Lake
    Senior High: Roosevelt High

    Lot

    View: City, Mountain, Territorial
    Lot Details: Alley, Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 6,480 ft²
    Number of Stories in Building: 4

    Site

    Community Name: University District
    Site Features: Cable TV, Deck, Fenced-Partially, Gas Available

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $9,537
    Insurance Expenses: 4770
    Electrical Expenses: 3800
    Heating Expenses: 1500
    Other Expenses: 8000
    Total Expenses: 41607
    Tax Year: 2019
    Gross Scheduled Income: 184680
    Vacancy Rate: 1
    Gross Adjusted Income: 1847
    Total Expenses: 41607
    Net Operating Costs: 141226
    Gross Rent Multiplier: 15
    Total Monthly Income: 15390

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 475 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: 1
    Rent Unit 1: $1,680

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 380 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: $1,180

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 385 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: $1,220

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 360 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: $1,100

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 430 ft²
    Bedrooms Unit 5: 2
    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: $1,640

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 405 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: N
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,460

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    Listing provided by NWMLS, courtesy of Globenex Realty