935 13th Avenue, Seattle, WA 98122

$1,350,000

Listing courtesy of Kidder Mathews.

List Price
$1,350,000
Status
PENDING
MLS#
1780693
Days on Market
21
Style
54 - 4-Plex
Building Condition
Good
Lot Size (sq ft)
2,790

Property Description

Ideally-located classic Capitol Hill 4-Plex. Thoroughly updated and maintained by long-term owner-user. Ability to raise rents substantially with current unit finishes, or renovate units and utilize attic and basement as additional rentable area to fully optimize operations. 3 of the 4 units will be vacant and available for re-lease or renovation on day 1 of new ownership. Ideally located across the street from Seattle University, and steps from Capitol Hill’s countless amenities. *Listed Income and Expense are Proforma.

Additional Information

List Date
2021-05-26 00:00:00
Community
Capitol Hill
Potential Terms
Cash Out, Conventional
Year Built
1904
Roof
Composition
School District
Seattle
Total Monthly Income
$6,528
Gross Scheduled Income
$78,336
Vacancy Rate
4
Gross Adjusted Income
$55,669
Tax Year
2021
Insurance Expense
$2,422
W/S/G Expenses
$5,600
Total Expenses
$22,667
Net Operating Income
$55,669
Gross Rent Multiplier
25
Cap Rate
4
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