1017 E Harrison St, Seattle, WA 98102

$9,250,000
16,767
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$9,250,000
Status
PENDING
MLS#
1480490
Days on Market
38
Style
56 - 10+ Units
Finished SqFt
16,767
Lot Size (sq ft)
10,947

Property Description

Location Location! Location! 1920’s wood framed classic brick building located in an A+ in-city neighborhood. Building offers secured access entry, common laundry and spacious floor plans with a mix of studio and 1BD units. Units offer attractive hardwood flooring and abundant natural light. Walking distance to everything! Great opportunity to add value through updates and raising below market rents.

Additional Information

List Date
2019-06-25 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
32
Stories
3
Potential Terms
Assumable, Cash Out
Year Built
1925
Total Parking
7
Uncovered Parking
7
Exterior
Brick
Roof
Flat
School District
Seattle
Total Monthly Income
$50,592
Gross Scheduled Income
$607,104
Vacancy Rate
3
Gross Adjusted Income
$588,891
Annual Taxes
$52,315
Tax Year
2019
Insurance Expense
$12,319
W/S/G Expenses
$34,379
Total Expenses
$186,264
Net Operating Income
$402,627
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
912
Unit 1 Rent
$1,995
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
990
Unit 2 Rent
$2,395
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
570
Unit 3 Rent
$1,525
Unit 4 Baths
1.00
Unit 4 Size
465
Unit 4 Rent
$1,225
Unit 5 Baths
1.00
Unit 5 Size
456
Unit 5 Rent
$1,250
Unit 6 Baths
1.00
Unit 6 Size
460
Unit 6 Rent
$1,275
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