93 E Boston Street, Seattle, WA 98102

$2,375,000
5,753
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$2,375,000
Status
ACTIVE
MLS#
2046256
Days on Market
10
Style
55 - 5-9 Units
Finished SqFt
5,753
Area Total SqFt
5753
Annual Tax Ammount
21673
Lot Size (sq ft)
6,600
Sewer
Sewer Connected

Property Description

Well-located at the corner of Yale Ave E and E Boston Street in the Eastlake neighborhood, this property at 93 E Boston is ready for the vision of new owner-ship. On the market for the first time in decades, this 7-unit apartment building is comprised of (1) one top floor penthouse unit, (4) four two-bedroom one-bath units, and (2) two studio units. The building was originally constructed in 1951, and a top floor penthouse unit was added in 1968. Heating for units is radiant supplied by a common gas boiler. Laundry for all but the penthouse unit is common coin-op in the basement. Plentiful off-street parking is provided by (4) four garages, and (2) two tandem carports.

Additional Information

List Date
2023-03-17 20:39:10
Community
Eastlake
Net Operating Income
$2,513
Gross Adjusted Income
$48,636
Gross Scheduled Income
$48,636
Total Monthly Income
$17,810
Insurance Expenses
$2,500
Water/Sewer/Garbage Expenses
$7,200
Gross Rent Multiplier
48
Total Expenses
$46,123
Cap Rate
0.12
Total Number of Units
7
Unit Name
93
Potential Terms
Cash Out, See Remarks
Year Built
1951
View
City, Lake, Mountain(s)
Roof
Flat
Electric Expenses
750
Other Expenses
7400
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$17,810
Gross Scheduled Income
$48,636
Gross Adjusted Income
$48,636
Tax Year
2023
Insurance Expense
$2,500
W/S/G Expenses
$7,200
Total Expenses
$46,123
Net Operating Income
$2,513
Gross Rent Multiplier
48
Cap Rate
0.12
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