629 12th Ave E, Seattle, WA 98102

$2,895,000
5,350
SqFt

Listing courtesy of Venture Real Estate Group LLC.

List Price
$2,895,000
Status
ACTIVE
MLS#
1538545
Days on Market
13
Style
55 - 5-9 Units
Finished SqFt
5,350
Lot Size (sq ft)
5,481

Property Description

Value add opportunity with city views on tree lined quiet street in one of the best locations in upper Capitol Hill neighborhood two blocks from Volunteer Park & Seattle Asian Art Museum, highly desirable 9 unit two building layout which is easily rented for top dollar. Valuable LR3 zoning & located within the Urban Center designation, making it a rare opportunity for current strong demand and growth, as well as future expansion. In City location, close to downtown, UW, and I5 (Buyer to verify)

Additional Information

List Date
2019-11-05 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
9
Stories
2
Potential Terms
Conventional
Year Built
1922
View
City
Exterior
Wood
Roof
Composition
School District
Seattle
Elementary School
Lowell
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$15,780
Gross Scheduled Income
$199,500
Vacancy Rate
3
Gross Adjusted Income
$193,515
Annual Taxes
$15,963
Tax Year
2019
Insurance Expense
$3,962
W/S/G Expenses
$12,500
Total Expenses
$50,878
Net Operating Income
$144,437
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
675
Unit 1 Rent
$1,900
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
675
Unit 2 Rent
$1,900
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
675
Unit 3 Rent
$1,900
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
1000
Unit 4 Rent
$2,285
Unit 5 Baths
1.00
Unit 5 Size
450
Unit 5 Rent
$1,350
Unit 6 Baths
1.00
Unit 6 Size
275
Unit 6 Rent
$1,250
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