2325 10th Ave E, Seattle, WA 98102

$6,450,000
13,700
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$6,450,000
Status
ACTIVE
MLS#
1419831
Days on Market
79
Style
56 - 10+ Units
Finished SqFt
13,700
Lot Size (sq ft)
7,680

Property Description

This is a classic 1929 brick building in an excellent North Capitol Hill location. Building offers 20 well maintained units with renovation potential as units have not recently been updated. There is a clear value add opportunity if someone wanted to update the units to today's standards. The building offers garage parking with space for 6, a common laundry area and an updated electrical system.

Additional Information

List Date
2019-03-06 00:00:00
Community
North Capitol Hill
Property Type
MULT
Units
20
Stories
3
Potential Terms
Cash Out
Year Built
1929
Total Parking
6
Exterior
Brick
Roof
Flat
School District
Seattle
Total Monthly Income
$32,015
Gross Scheduled Income
$384,180
Vacancy Rate
3
Gross Adjusted Income
$372,655
Annual Taxes
$58,036
Tax Year
2018
Insurance Expense
$5,581
W/S/G Expenses
$24,089
Total Expenses
$116,744
Net Operating Income
$255,911
Gross Rent Multiplier
16
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
880
Unit 1 Rent
$1,195
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
650
Unit 2 Rent
$1,750
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
850
Unit 3 Rent
$1,700
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
650
Unit 4 Rent
$1,295
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
650
Unit 5 Rent
$1,385
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
650
Unit 6 Rent
$1,325
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