623 Federal Ave E

Seattle, WA 98102

$1,200,000
5,289
SqFt
property image

Listing courtesy of Quorum Real Estate Prop. Mgmt.. Selling Office: .

Sold Price
$1,200,000
Status
SOLD
MLS#
420949
Days On Market
272
Closing Date
Jul 31, 2013
Style
56 - 10+ Units
Building Condition
Good
Size
5,289
Lot Size (sq ft)
4,078

Property Description

Charming 15 unit building in one of Seattle's Best Rental areas. Always high demand for these units. New development and coming of light rail will only make this area more popular. Building has many recent updates w/4 efficiency units in basement. Tree lined street and parks near by. Located in the desirable North End of Broadway's vibrant business district. 4-1 bedrooms, 7 studios, 4 efficiency units.

425-223-6021

Additional Information

List Date
2012-11-01 00:00:00
Net Operating Income
$75,950
Gross Scheduled Income
$110,865
Insurance Expense
$3,164
W/S/G Expenses
$11,131
Total Expenses
$34,915
Gross Rent Multiplier
12
Cap Rate
6.00
Year Built
1910
View
Territorial
Exterior
Metal/Vinyl, Wood Products
Roof
Flat
Site Features
Fenced-Partially, Gas Available, High Speed Internet, Patio
Lot Details
Curbs, Paved Street, Sidewalk, Value In Land
Annual Taxes
$10,118
Tax Year
2011
School District
Seattle
Elementary School
Lowell
Middle School
Wash Mid
High School
Garfield High
Potential Terms
Cash Out, Conventional

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