NOT LISTED FOR SALE
-- Bed
-- Bath
7,472 Sq Ft
0.29 Acres

Last Sold July 24, 2018

Last sale price $3,650,000 $488 Per Sq Ft

11 Days on Market

Highlights

  • 0.29 Acre Lot
  • B.F. Day Elementary School Rated A-
  • Wood Siding

About This Home

As of July 2018

The Hillside Apartments is a well located 16-unit apartment building with immediate rental upside. Large 12,500sf LR2 Lot. Situated in the very walkable and amenity rich Fremont neighborhood.

The property offers the buyer a rare opportunity to purchase an extremely well-located building with immediate rental upside and potential
to add a unit in the basement.

Co-Listed By

Eric Smith

Paragon Real Estate Advisors License #3434

Last Buyer's Agent

Cathy Jeney

Paragon Real Estate Advisors License #18893

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1302206

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,062

Year Built

  • Built in 1909

Lot Details

  • 0.29 Acre Lot

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 7,472 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5693600320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,062

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
  • Buyer Agency Compensation: 1.875
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7472
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 324

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Available
  • Heating Yn: Yes
  • Utilities: Electric
  • WaterSewerGarbage: 15147

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5693600320
  • Lot Size Acres: 0.287
  • Lot Size Sq Ft: 12500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 14735

Multi Family

  • Gross Scheduled Income: 176820
  • Net Operating Income: 106110
  • Number Of Units Total: 16
  • Insurance Expense: 4600
  • Leasable Area: 7472
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2018
  • Tax Annual Amount: 25062

Range of Values:

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Average Value
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List Price
Sold Price
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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
07/24/2018 07/24/18 Sold $3,650,000 +5.8% $488 / Sq Ft
06/11/2018 06/11/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $3,450,000 -- $462 / 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: 1302206

Northwest Multiple Listing Service (NWMLS)