Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 6.0% cap… Read More rate and 10.1 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes. Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 6.5% cap rate and 9.5 GRM. Parking spaces for 6 vehicles. Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
150
Days on Website
150
Last Updated
Property Type
Multi Family
Square Ft.
7,545
Lot Size
0.13 Acres
Year Built
1957
Property Tax
$29,552
MLS Number
2524172
Additional Details
Building
Built in 1957, 3 stories, Construction Materials: Metal/Vinyl
Cooling
None
Energy Saving
Energy Efficiency: Thermal Windows
Expenses
Insurance: $7,313, Other Expense: $47,858
Exterior Features
Metal/Vinyl
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $289,558, Net Operating Income: $175,987
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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