3402 15th Ave W, Seattle, WA 98009

$4,100,000
7,240
SqFt

Listing courtesy of Phillips Real Estate LLC.

List Price
$4,100,000
Status
ACTIVE
MLS#
1863365
Days on Market
21
Style
55 - 5-9 Units
Finished SqFt
7,240
Area Total SqFt
7240
Lot Size (sq ft)
5,500

Property Description

This four-story multifamily investment is built upon a 5,550-square foot site.? The modern design, and central location provides a sought after Queen Anne address. The property is less than a five minute commute to the RapidRide D line, as well as the future Interbay Light Rail Station. The forthcoming Expedia campus is also nearby, less than 10 minutes by car. The Bertona Steps luxury multifamily asset was completed in 2018 and offers a coveted location and modern units with designer finishes and energy efficiency. Rooted on the Western Side of Queen Anne, the convenient location provides easy access to the lifestyle amenities and employment opportunities of Greater Seattle.

Additional Information

List Date
2021-11-06 06:22:09
Community
Queen Anne
Potential Terms
Conventional
Year Built
2018
View
City
Roof
See Remarks
Heating/Cooling Type
Central A/C
Other Expenses
13927
Energy Source
Electric
School District
Seattle
Total Monthly Income
$19,520
Gross Scheduled Income
$249,562
Vacancy Rate
3
Gross Adjusted Income
$173,667
Tax Year
2022
Insurance Expense
$2,773
W/S/G Expenses
$13,482
Total Expenses
$75,894
Net Operating Income
$168,954
Gross Rent Multiplier
16
Cap Rate
4
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