1522 1st Ave W

Seattle, WA 98119

$2,460,000
9,425
SqFt
property image

Listing courtesy of Paragon Real Estate Advisors. Selling Office: .

Sold Price
$2,460,000
Status
SOLD
MLS#
415348
Days On Market
150
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.

425-223-6021

Additional Information

List Date
2012-10-16 00:00:00
Community
Queen Anne
Property Type
MULT
# of Units
14
Stories
3
Unit 1 Baths
1.00
Unit 1 Size
400
Unit 1 Rent
$895
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
687
Unit 2 Rent
$1,200
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
687
Unit 3 Rent
$945
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
687
Unit 4 Rent
$935
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
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

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