1823 Broadyway E, Seattle, WA 98102

$1,350,000

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,350,000
Status
ACTIVE
MLS#
1786523
Days on Market
53
Style
53 - Tri-plex
Lot Size (sq ft)
4,298

Property Description

Charming, well-located Capitol Hill triplex built in 1940 and consists of 1- 560 square foot Studio unit, 1 - 720 square foot 1 Bd/ 1Bth unit and 1 - 1,440 square foot two-story 2 Bd/ 2 Bth unit. Each of these charming units boast sweeping views of Lake Union, Downtown Seattle, and Elliot Bay. The property has a yard that allows for tenant privacy as well as recreational activities. On-site laundry is available for tenant convenience. The Bailey House Triplex offers an investor a value-add opportunity in Seattle‘s highly sought-after North Capitol Hill Neighborhood.

Additional Information

List Date
2021-06-07 00:00:00
Community
Capitol Hill
Potential Terms
Cash Out, Conventional
Year Built
1940
Roof
Flat
School District
Seattle
Total Monthly Income
$6,215
Gross Scheduled Income
$74,580
Vacancy Rate
2
Gross Adjusted Income
$73,088
Tax Year
2021
Insurance Expense
$1,837
W/S/G Expenses
$2,672
Total Expenses
$16,944
Net Operating Income
$56,145
Gross Rent Multiplier
18
Cap Rate
4
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