623 Federal Ave E

Seattle, WA 98102

Status

SOLD

MLS#

420949

Sold Price

$1,200,000

List Price

$1,359,999

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.

Property Details

List Date

2012-11-01 00:00:00

Financial Information

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

Additional Information

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

no photo
425-223-6021

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

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