NOT LISTED FOR SALE
-- Bed
-- Bath
4,610 Sq Ft
6,480 Sq Ft Lot

Last Sold November 18, 2020

Last sale price $2,480,000 $538 Per Sq Ft

Highlights

  • City View
  • Deck
  • Wood Siding
  • Laurelhurst Elementary School Rated A-
  • Partially Fenced Property
  • 4-minute walk to Shiga's P-Patch Community Garden

About This Home

As of November 2020

Hard to find, located in the heart of University of Washington, the 12 units apartment offers great configuration, each home as 1 bed or 2beds, and one bath, individual kitchen, metered gas heater, in building laundry rooms. The building has new roof, gutters (including leaf relief gutter protection system) which replaced in June 2019. Good cap rate of 5.05% with huge upside potential. Great opportunity to add this HOT property in your portfolio. Fantastic year round occupancy . Always rented.

Last Buyer's Agent

Tingting Chen

Globenex Realty License #135231

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1692097

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,537

Year Built

  • Built in 1909

Lot Details

  • 6,480 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • 5 Parking Spaces

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,610 Sq Ft Home
  • 4-Story Property

Schools

  • Green Lake Elementary School
  • Hamilton Mid Middle School
  • Roosevelt High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • University District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8823900530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,537

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1909
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4610
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Available
  • Water Source: Community
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Electric, Natural Gas Connected
  • PowerCompany: Seattle city light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 14000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 1500

Schools

  • Junior High Dist: Seattle
  • High School: Roosevelt High
  • Middle Or Junior School: Hamilton Mid

Lot Info

  • Parcel Number: 8823900530
  • Lot Size Acres: 0.1488
  • Lot Size Sq Ft: 6480
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available
  • MLSLotSizeSource: king county
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 15390

Multi Family

  • Gross Scheduled Income: 184680
  • Net Operating Income: 141226
  • Number Of Units Total: 6
  • Electric Expense: 3800
  • Insurance Expense: 4770
  • Leasable Area: 4610
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2019
  • Tax Annual Amount: 9537

MLS Schools

  • Elementary School: Green Lake

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $2,480,000 0.0% $538 / Sq Ft
11/18/2020 11/18/20 For Sale $2,480,000 -- $538 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1692097

Northwest Multiple Listing Service (NWMLS)