801 W McGraw Street, Seattle, WA 98119

$2,350,000
4,806
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$2,350,000
Status
ACTIVE
MLS#
1866971
Days on Market
5
Style
55 - 5-9 Units
Finished SqFt
4,806
Area Total SqFt
4806
Lot Size (sq ft)
5,400

Property Description

Located on a corner lot, the subject property is a timeless mid-century walk-up style building comprised of 8 one-bedroom units. The building has had several updates including a newer roof, double-pane windows and copper plumbing. The units all have similar floor plans with kitchens that flow effortlessly into spacious dining areas and generously sized living rooms. Most of the units have wall to wall carpet covering the original oak flooring adding to the ease of incremental improvements at turnover. The laundry room and storage have direct level access from the parking lot which could be renovated to add an additional apartment unit, buyer to verify. 1 unit has been renovated with new kitchen cabinets, vinyl plank floors & modern lights

Additional Information

List Date
2021-11-23 00:31:10
Community
Queen Anne
Potential Terms
Cash Out
Year Built
1957
Roof
Flat
Heating/Cooling Type
Baseboard
Other Expenses
4900
Energy Source
Electric
School District
Seattle
Total Monthly Income
$10,915
Gross Scheduled Income
$130,980
Vacancy Rate
5
Gross Adjusted Income
$127,051
Tax Year
2021
Insurance Expense
$2,100
W/S/G Expenses
$7,945
Total Expenses
$36,822
Net Operating Income
$90,229
Gross Rent Multiplier
17
Cap Rate
3
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