1522 1st Ave W

Seattle, WA 98119

Status

SOLD

MLS#

415348

Sold Price

$2,460,000

List Price

$2,500,000

Closing Date

Mar 15, 2013

Style

56 - 10+ Units

Size

9,425

Lot Size (sq ft)

7,200

Property Description

Located at the top of the very desirable Queen Anne Hill, the Fitzgerald is one block West of Queen Anne Avenue and the shopping and restaurant core of the neighborhood. Bus lines are a block away as is Trader Joe’s Grocery. The kitchens have been remodeled and include dishwashers and upgraded cabinetry. Wood floors, picture rail and old world charm combined with upgraded kitchens and systems attract high quality tenants and strong occupancy. There are seven on–site parking stalls.

Property Details

List Date

2012-10-16 00:00:00

Community

Queen Anne

Property Type

MULT

# of Units

14

Stories

3

Unit 1 Information

Unit 1 Baths

1.00

Unit 1 Size

400

Unit 1 Rent

$895

Unit 2 Information

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

687

Unit 2 Rent

$1,200

Unit 3 Information

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Size

687

Unit 3 Rent

$945

Unit 4 Information

Unit 4 Beds

1

Unit 4 Baths

1.00

Unit 4 Size

687

Unit 4 Rent

$935

Financial Information

Net Operating Income

$128,139

Gross Adjusted Income

$188,052

Gross Scheduled Income

$159,888

Total Monthly Income

$16,324

Insurance Expense

$4,070

W/S/G Expenses

$12,197

Total Expenses

$59,913

Gross Rent Multiplier

12

Vacancy Rate

4

Cap Rate

5.13

Additional Information

Year Built

1910

Total Parking

7

Uncovered Parking

7

Exterior

Wood, Wood Products

Roof

Flat

Annual Taxes

$16,405

Tax Year

2012

School District

Seattle

Potential Terms

Cash Out

no photo
425-223-6021

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