1815 13th Ave S, Seattle, WA 98144

$4,600,000
12,800
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$4,600,000
Status
ACTIVE
MLS#
1394735
Days on Market
66
Style
56 - 10+ Units
Finished SqFt
12,800
Lot Size (sq ft)
7,200

Property Description

Excellent north Beacon Hill location just minutes from Downtown Seattle and close to light rail. Classic 22 unit building in urban village with tremendous upside and value-add potential. Some renovated units and amazing views from upper floors. Excellent opportunity for a savvy investor looking to add-value and invest in a blossoming part of the city.

Additional Information

List Date
2018-12-19 00:00:00
Community
Beacon Hill
Property Type
MULT
Units
22
Stories
3
Potential Terms
Cash Out
Year Built
1911
Exterior
Metal/Vinyl
Roof
Flat
School District
Seattle
Total Monthly Income
$24,769
Gross Scheduled Income
$297,228
Vacancy Rate
2
Gross Adjusted Income
$291,283
Annual Taxes
$21,073
Tax Year
2018
Insurance Expense
$6,600
W/S/G Expenses
$33,000
Total Expenses
$103,837
Net Operating Income
$187,446
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Size
650
Unit 1 Rent
$1,025
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
700
Unit 2 Rent
$1,125
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
625
Unit 3 Rent
$1,125
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$1,125
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
800
Unit 5 Rent
$1,300
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
800
Unit 6 Rent
$1,650
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks