716 27th Ave

Seattle, WA 98122

$1,425,000
9,295
SqFt

Listing courtesy of RE/MAX Metro Realty, Inc.. Selling Office: .

Sold Price
$1,425,000
List Price
$1,425,000
Status
SOLD
MLS#
417176
Closing Date
Aug 08, 2014
Days on Market
592
Style
55 - 5-9 Units
Building Condition
Remodeled
Size
9,295
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.

425-223-6021

Additional Information

List Date
2012-10-19 00:00:00
Community
East Union
Property Type
MULT
# of Units
9
Stories
2
Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
1380
Unit 1 Rent
$1,650
Unit 2 Beds
3
Unit 2 Baths
1.00
Unit 2 Size
875
Unit 2 Rent
$1,050
Unit 3 Beds
4
Unit 3 Baths
1.75
Unit 3 Size
870
Unit 3 Rent
$1,500
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
1145
Unit 4 Rent
$750
Net Operating Income
$96,953
Gross Adjusted Income
$134,576
Gross Scheduled Income
$136,500
Total Monthly Income
$11,375
Insurance Expense
$3,693
W/S/G Expenses
$8,000
Total Expenses
$39,357
Gross Rent Multiplier
11
Vacancy Rate
2
Cap Rate
6
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

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