Listing courtesy of Lee & Associates Commercial RE
$1,695,000
We are pleased to present Capitol Hill 7, a well-located 7-unit property positioned in Seattle’s Capitol Hill/Eastlake neighborhood. Built in 1964, the 5,800 SF asset offers an attractive scale for investors seeking a well-located investment opportunity with durable rental demand. The property features LVP flooring throughout, ten… Read More on-site parking spaces, common-area laundry, and separate storage lockers for each residence. The roof was installed in 2016, helping reduce near-term capital expenditure requirements. Unit 5 includes an added rear deck with a glass sliding door, providing an enhanced outdoor living amenity. Located near the intersection of Capitol Hill and Eastlake, residents benefit from convenient access to Seattle’s premier dining, nightlife, retail, parks, cultural amenities, and employment centers. The property is a 10-minute walk from the light rail Capitol Hill Station. With its strong in-city location, parking availability, dedicated storage, and value-add potential through future unit upgrades, Capitol Hill 7 presents an appealing opportunity for investors seeking exposure to one of Seattle’s most established rental submarkets. Read Less
Listing courtesy of Lee & Associates Commercial RE
Listing Snapshot
Cumulative Days On Market
26
Days on Website
27
Last Updated
Property Type
Multi Family
Square Ft.
5,800
Lot Size
0.14 Acres
Year Built
1964
Property Tax
$20,753
MLS Number
2583141
Additional Details
Building
Built in 1964, Built in 1990 (effective), 2 stories, Construction Materials: Cement, Wood
Cooling
None
Expenses
Insurance: $5,103, Other Expense: $18,660
Exterior Features
Cement/Concrete, Wood
Floors
Vinyl Plank
Foundation
Block
Heating
Wall Furnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $161,100, Net Operating Income: $95,702
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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