1423 Boylston Ave

Seattle, WA 98122

Status

SOLD

MLS#

416151

Sold Price

$1,270,000

List Price

$1,325,000

Closing Date

Jan 31, 2013

Style

55 - 5-Plex

Size

3,891

Lot Size (sq ft)

5,000

Property Description

This is a rare opportunity to own a part of Seattle history. Located in the heart of the Pike-Pine corridor, the Bel-Boy Apartments are walking distance to Downtown, restaurants, nightlife, and more. The property was completely remodeled in 2008 to condominium quality, and features updated plumbing and electrical as well as new kitchens and baths. This easy to maintain property has very low vacancy, and rents are currently below market with significant potential to increase.

Property Details

List Date

2012-10-18 00:00:00

Community

First Hill

Property Type

MULT

# of Units

8

Stories

2

Unit 1 Information

Unit 1 Baths

1.00

Unit 1 Size

333

Unit 1 Rent

$795

Unit 2 Information

Unit 2 Baths

1.00

Unit 2 Size

333

Unit 2 Rent

$795

Unit 3 Information

Unit 3 Baths

1.00

Unit 3 Size

438

Unit 3 Rent

$895

Unit 4 Information

Unit 4 Baths

1.00

Unit 4 Size

438

Unit 4 Rent

$895

Financial Information

Net Operating Income

$69,489

Gross Adjusted Income

$98,474

Gross Scheduled Income

$101,520

Total Monthly Income

$8,460

Insurance Expense

$1,625

W/S/G Expenses

$6,600

Total Expenses

$28,986

Gross Rent Multiplier

13

Vacancy Rate

3

Cap Rate

5.24

Additional Information

Year Built

1912

Total Parking

2

Uncovered Parking

2

Exterior

Wood, Wood Products

Roof

Composition

Annual Taxes

$6,637

Tax Year

2012

School District

Seattle

Potential Terms

Cash Out

no photo
425-223-6021

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