Status

ACTIVE

MLS#

417176

List Price

$1,475,000

Style

56-6-9 Units

Size

10,000

Lot Size (sq ft)

9,000

Property Description

4 building 9 unit apartment complex. 1905 +/- construction, continuously remodeled. Close to Seattle University. Sale may be subject to 1031 exchange. Shown only with signed PSA.

Property Details

Community

East Union

Property Type

Multi-Family

# of Units

9

Stories

2

Unit 1 Information

Unit 1 Beds

3

Unit 1 Baths

1.75

Unit 1 Size

1380

Unit 1 Rent

$1,650

Unit 2 Information

Unit 2 Beds

3

Unit 2 Baths

1.00

Unit 2 Size

875

Unit 2 Rent

$1,050

Unit 3 Information

Unit 3 Beds

4

Unit 3 Baths

1.75

Unit 3 Size

870

Unit 3 Rent

$1,500

Unit 4 Information

Unit 4 Beds

2

Unit 4 Baths

1.00

Unit 4 Size

1145

Unit 4 Rent

$750

Financial Information

Net Operating Income

$96,783

Gross Adjusted Income

$130,689

Gross Scheduled Income

$134,040

Total Monthly Income

$135,528

Insurance Expense

$3,693

Total Expenses

$35,394

Gross Rent Multiplier

11

Vacancy Rate

2

Cap Rate

6.56

Additional Information

Year Built

1905

Exterior

Metal/Vinyl, Wood, Wood Products

Roof

Composition

Site Features

Arena-Outdoor, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Shop

Lot Details

Alley, Curbs, Open Space, Paved Street, Sidewalk

Annual Taxes

$8,395

Tax Year

2012

School District

Seattle

Elementary School

Seattle Public Sch

Middle School

Seattle Public Sch

High School

Seattle Public Sch

Potential Terms

See Remarks