716 27th Ave

Seattle, WA 98122

Status

ACTIVE

MLS#

417176

List Price

$1,425,000

Style

55 - 5-Plex

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.

Property Details

Community

East Union

Property Type

MULT

# 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

$96,953

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

6.57

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

no photo

Listing courtesy of RE/MAX Metro Realty, Inc.

425-223-6021

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