114 17th Avenue E, Seattle, WA 98122

$1,250,000

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

Sold Price
$1,250,000
List Price
$1,000,000
Status
SOLD
MLS#
1814018
Closing Date
Aug 18, 2021
Days on Market
16
Style
55 - 5-9 Units
Building Condition
Fixer
Lot Size (sq ft)
4,800

Property Description

For Sale: Five-plex in the heart of Capitol Hill. Part of a portfolio or purchased individually. Zoned LR3(M) with great development potential. A great five-plex with three 1x1's and two studios. Potential to convert office unit into additional studio or make existing unit bigger. Rents are below market. Financial Information is proforma based. Rents are actual. Do not disturb tenants.

Additional Information

List Date
2021-07-26 00:00:00
Community
Capitol Hill
Potential Terms
Cash Out, Conventional, Rehab Loan
Year Built
1926
Roof
Composition
School District
Seattle
Total Monthly Income
$5,700
Gross Scheduled Income
$104,268
Vacancy Rate
5
Gross Adjusted Income
$66,755
Tax Year
2021
Insurance Expense
$2,000
W/S/G Expenses
$7,000
Total Expenses
$37,513
Net Operating Income
$66,755
Gross Rent Multiplier
15
Cap Rate
6
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Calculator source: Real Geeks