214 E Boston St, Seattle, WA 98102

$1,250,000
5,057
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,250,000
Status
ACTIVE
MLS#
1563530
Days on Market
11
Style
53 - Tri-plex
Building Condition
['Fixer']
Finished SqFt
5,057
Lot Size (sq ft)
3,000

Property Description

Storied Seattle classic radiates opportunity through restoration or redevelopment. Once a church, now a massive triplex; neglected yet intact 4-story, 6,000 SF structure boasts Olympics, Lake Union & Downtown views. Flat, corner lot on alley ideal for savvy single-family or multi-family makeover or new ground-up townhomes or apartments. Zoned LR2 Urban Village: 50’ height limit, 2.3 FAR, no density limit, no parking requirement. Feasibility study for townhomes & apartments upon available.

Additional Information

List Date
2020-02-12 00:00:00
Community
Eastlake
Property Type
MULT
Units
3
Stories
4
Potential Terms
Cash Out, Conventional, Rehab Loan
Year Built
1904
Total Parking
1
View
Canal, City, Lake, Mountain, Territorial
Exterior
See Remarks, Wood
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet
Lot Details
Alley, Corner Lot, Curbs, Paved Street, Secluded, Sidewalk
School District
Seattle
Elementary School
Montlake
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$8,900
Gross Scheduled Income
$106,800
Vacancy Rate
5
Gross Adjusted Income
$101,460
Annual Taxes
$12,039
Tax Year
2019
Insurance Expense
$5,400
W/S/G Expenses
$6,000
Total Expenses
$23,639
Net Operating Income
$77,821
Gross Rent Multiplier
12
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1316
Unit 1 Rent
$2,750
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1290
Unit 2 Rent
$2,650
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
1240
Unit 3 Rent
$2,750
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