5231 40th Ave NE, Seattle, WA 98125

$3,150,000

Listing courtesy of CBRE INC.

List Price
$3,150,000
Status
ACTIVE
MLS#
1421983
Days on Market
66
Style
55 - 5-9 Units
Building Condition
['Good']
Lot Size (sq ft)
5,392

Property Description

Built in 1990, Hawthorne Place features six two-bedroom units and a single one-bedroom unit, as well as a secured parking garage with seven spaces and four rentable storage units. Located a half mile from Seattle Children’s Hospital, less than a mile from the University of Washington, and with close proximity to major highways 520 and I-5, Hawthorne Place provides ready access to the major employers of Seattle, Bellevue, and beyond. Gas applianes & in-unit laundry. Proforma financials provided.

Additional Information

List Date
2019-01-15 00:00:00
Community
Hawthorne Hills
Property Type
MULT
Units
7
Stories
2
Potential Terms
Cash Out
Year Built
1990
Total Parking
7
Exterior
Wood
Roof
Composition
School District
Seattle
Total Monthly Income
$16,980
Gross Scheduled Income
$213,529
Vacancy Rate
5
Gross Adjusted Income
$203,764
Annual Taxes
$26,076
Tax Year
2019
Insurance Expense
$1,268
W/S/G Expenses
$10,067
Total Expenses
$55,735
Net Operating Income
$148,029
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$1,575
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
812
Unit 2 Rent
$2,100
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
768
Unit 3 Rent
$2,100
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
875
Unit 4 Rent
$2,100
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
812
Unit 5 Rent
$2,100
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
768
Unit 6 Rent
$2,100
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