722 11th Ave E, Seattle, WA 98102

$2,800,000
4,500
SqFt

Listing courtesy of Coldwell Banker Bain.

List Price
$2,800,000
Status
ACTIVE
MLS#
1452272
Days on Market
71
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
4,500
Lot Size (sq ft)
7,080

Property Description

Opportunity knocks in Seattle's favorite neighborhood! This established multi-family property with views of the City and mountains is the perfect addition to any investment portfolio. Spacious, updated units with period fixtures, hardwood floors; Laundry and fireplaces in each unit; Off street parking and storage for each apartment. Access to most everywhere is a breeze - steps to Volunteer Park, restaurants and shopping; I-5, Hwy 520 and light rail are minutes away. L3 zoned 7,080 sq foot lot.

Additional Information

List Date
2019-05-07 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1905
Total Parking
4
Uncovered Parking
4
View
City, Mountain, Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, Outbuildings, Patio, Sprinkler System
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Lowell
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$11,130
Gross Scheduled Income
$133,560
Vacancy Rate
3
Gross Adjusted Income
$129,553
Annual Taxes
$18,453
Tax Year
2019
Insurance Expense
$2,205
W/S/G Expenses
$6,000
Total Expenses
$27,893
Net Operating Income
$101,241
Gross Rent Multiplier
21
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
800
Unit 1 Rent
$3,295
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1000
Unit 2 Rent
$1,995
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
1200
Unit 3 Rent
$3,370
Unit 4 Beds
1
Unit 4 Baths
1.50
Unit 4 Size
1000
Unit 4 Rent
$2,470
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