NOT LISTED FOR SALE
-- Bed
-- Bath
3,256 Sq Ft
5,000 Sq Ft Lot

Last Sold December 22, 2023

Last sale price $1,500,000 $461 Per Sq Ft

76 Days on Market

Highlights

  • No HOA
  • Madison Middle School Rated A-
  • Baseboard Heating

About This Home

As of December 2023

SELLER FINANCING AVAILABLE – The Bruce Apartments is a six-unit building that offers a great opportunity to own a low-maintenance property one block from the Morgan Street Junction. Seller financing is available with a 5.0% interest only rate, 25% down payment, and a 5-year term, making this an ideal opportunity for an investor to start their real estate investment portfolio or add it to their existing holdings. The Bruce Apartments consists of all one bedroom – one bathroom units that have been meticulously maintained and updated over the years. There is a common laundry room and storage units available for each unit of which the current ownership does not charge for.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 09/27/2023

Co-Listed By

Ben Douglas

Paragon Real Estate Advisors License #22013305

Last Buyer's Agent

Gurpreet Singh

Skyline Properties, Inc. License #106039

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2165862

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,823

Year Built

  • Built in 1962

Lot Details

  • 5,000

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Wood Composite

Interior Spaces

  • 3,256 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 5,000 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • West Seattle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0826000095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,823

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3256
  • Special Features: None
  • Cumulative Days on Market: 334

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 5694

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0826000095
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.19
  • LeasedItems: None
  • TotalMonthlyIncome: 8505

Multi Family

  • Gross Scheduled Income: 102060
  • Net Operating Income: 66973
  • Number Of Units Total: 6
  • Insurance Expense: 3467
  • Leasable Area: 3256
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 11823

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
12/22/2023 12/22/23 Sold $1,500,000 -3.2% $461 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $1,550,000 0.0% $476 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $1,550,000 -- $476 / 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: 2165862

Northwest Multiple Listing Service (NWMLS)