1423 Boylston Ave

Seattle, WA 98122

$1,270,000
3,891
SqFt

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

Sold Price
$1,270,000
List Price
$1,325,000
Status
SOLD
MLS#
416151
Closing Date
Jan 31, 2013
Days on Market
105
Style
55 - 5-Plex
Finished SqFt
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.

425-223-6021

Additional Information

List Date
2012-10-18 00:00:00
Community
First Hill
Property Type
MULT
# of Units
8
Stories
2
Unit 1 Baths
1.00
Unit 1 Size
333
Unit 1 Rent
$795
Unit 2 Baths
1.00
Unit 2 Size
333
Unit 2 Rent
$795
Unit 3 Baths
1.00
Unit 3 Size
438
Unit 3 Rent
$895
Unit 4 Baths
1.00
Unit 4 Size
438
Unit 4 Rent
$895
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
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

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