303 Harvard Avenue E, Seattle, WA 98102

$4,995,000
11,944
SqFt

Listing courtesy of Coldwell Banker Danforth.

List Price
$4,995,000
Status
ACTIVE
MLS#
2028511
Days on Market
140
Style
56 - 10+ Units
Finished SqFt
11,944
Area Total SqFt
11944
Annual Tax Ammount
36497
Lot Size (sq ft)
7,557
Sewer
Sewer Connected

Property Description

Beverly Rae is a 1949 Bauhaus-inspired 14 unit apartment building in popular North Capitol Hill location, 1 block off Broadway, intersection of Harvard Ave East and East Thomas Street. Numerous options for restaurants, retail and services within close proximity, Capitol Hill light rail station just two blocks away, great access by bus to U-district or downtown, walk to South Lake Union area, grocery stores, Seattle Central Community College, Seattle University, Cal Anderson Park, entrainment, Interstate 5 and much more. Unit mix consists of two 2 bedroom 1 bath; ten 1 bedroom 1 bath; and two studio units. Some units have partial views of the city, Space Needle, Olympic Mountains.

Additional Information

List Date
2022-09-18 20:25:10
Community
Capitol Hill
Net Operating Income
$188,848
Gross Adjusted Income
$275,040
Gross Scheduled Income
$258,480
Total Monthly Income
$21,540
Gross Rent Multiplier
19.32
Total Expenses
$86,192
Cap Rate
3.7800000000000002
Total Number of Units
14
Unit Name
303
Potential Terms
Cash Out, Conventional
Year Built
1949
View
City, Mountain(s), Partial, Territorial
Roof
Flat
Heating/Cooling Type
Hot Water Recirc Pump
Other Expenses
49695
Energy Source
Electric
School District
Seattle
Total Monthly Income
$21,540
Gross Scheduled Income
$258,480
Gross Adjusted Income
$275,040
Tax Year
2022
Total Expenses
$86,192
Net Operating Income
$188,848
Gross Rent Multiplier
19.32
Cap Rate
3.7800000000000002
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