411 Jefferson St, Seattle, WA 98104

$3,500,000
8,324
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$3,500,000
Status
ACTIVE
MLS#
1690920
Days on Market
5
Style
56 - 10+ Units
Finished SqFt
8,324
Lot Size (sq ft)
2,400

Property Description

The Argyle consists of 12 rehabbed apartment units located in downtown Seattle. Operated as furnished apartments, the turn key asset offers investors great cash flow on a low maintenance asset. Additional upside exists with the ability to add 2 units or commercial space in the basement.

Additional Information

List Date
2020-11-18 00:00:00
Community
Pioneer Square
Property Type
MULT
Units
13
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1902
View
City
Exterior
Cement Planked, Wood
Roof
Flat, Torch Down
School District
Seattle
Total Monthly Income
$21,729
Gross Scheduled Income
$260,748
Vacancy Rate
5
Gross Adjusted Income
$247,711
Annual Taxes
$21,440
Tax Year
2020
Insurance Expense
$3,600
W/S/G Expenses
$12,600
Total Expenses
$77,326
Net Operating Income
$170,385
Gross Rent Multiplier
13
Cap Rate
4

Room Dimensions

Unit 1 Size
1580
Unit 1 Rent
$1,500
Unit 2 Baths
1.00
Unit 2 Size
540
Unit 2 Rent
$1,675
Unit 3 Baths
1.00
Unit 3 Size
540
Unit 3 Rent
$2,250
Unit 4 Baths
1.00
Unit 4 Size
540
Unit 4 Rent
$1,575
Unit 5 Baths
1.00
Unit 5 Size
540
Unit 5 Rent
$1,710
Unit 6 Baths
1.00
Unit 6 Size
540
Unit 6 Rent
$1,590
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