1415 First Ave N

Seattle, WA 98109

Status

SOLD

MLS#

383065

Sold Price

$2,450,000

List Price

$2,575,000

Closing Date

Jul 31, 2013

Style

56 - 10+ Units

Building Condition

Remodeled

Size

9,456

Lot Size (sq ft)

5,685

Property Description

Queen Anne Apartments is located at the apex of Queen Anne, and perfectly located just steps from the vibrant Queen Anne merchant district. Most units have fabulous Westerly views and abundant natural light. Although completely renovated in 2008, the building retains all of it’s 1909 charm.

Property Details

List Date

2012-07-15 00:00:00

Community

Queen Anne

Property Type

MULT

# of Units

16

Stories

2

Unit 1 Information

Unit 1 Baths

1.00

Unit 2 Information

Unit 2 Baths

1.00

Unit 3 Information

Unit 3 Baths

1.00

Unit 4 Information

Unit 4 Baths

1.00

Financial Information

Net Operating Income

$137,738

Gross Adjusted Income

$184,451

Gross Scheduled Income

$184,200

Total Monthly Income

$15,416

Insurance Expense

$3,320

W/S/G Expenses

$11,143

Total Expenses

$46,714

Gross Rent Multiplier

13

Vacancy Rate

3

Cap Rate

5.30

Additional Information

Year Built

1909

View

Bay, Mountain

Exterior

Cement/Concrete, Metal/Vinyl

Roof

Flat

Annual Taxes

$16,528

Tax Year

2012

School District

Seattle

Potential Terms

Cash Out, Conventional

no photo
425-223-6021

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Listing courtesy of Westlake Associates, Inc.. Selling Agent: .

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