1803 14th Ave, Seattle, WA 98122

$4,650,000
10,260
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$4,650,000
Status
ACTIVE
MLS#
1562718
Days on Market
16
Style
56 - 10+ Units
Finished SqFt
10,260
Lot Size (sq ft)
9,600

Property Description

12 unit, three story apartment building located in the highly desirable Capitol Hill neighborhood. All large corner units averaging 855 SF with a private patio or balcony. Building offers secured access entry, a common laundry room and storage space. The Hollywood Apartments offers an investor the opportunity to own a very well-maintained trophy asset in an unbeatable location with immediate rental upside.

Additional Information

List Date
2020-02-07 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
12
Stories
3
Potential Terms
Cash Out
Year Built
1967
Total Parking
11
Uncovered Parking
11
Exterior
Cement/Concrete, Wood, Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$21,045
Gross Scheduled Income
$252,540
Vacancy Rate
3
Gross Adjusted Income
$244,964
Annual Taxes
$32,284
Tax Year
2019
Insurance Expense
$4,152
W/S/G Expenses
$15,289
Total Expenses
$69,025
Net Operating Income
$175,939
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$1,500
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 2 Rent
$1,450
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
750
Unit 3 Rent
$1,500
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
1000
Unit 4 Rent
$1,900
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
750
Unit 5 Rent
$1,475
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
750
Unit 6 Rent
$1,500
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