6202 Carleton Avenue S, Seattle, WA 98109

$1,600,000
3,900
SqFt

Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.

Sold Price
$1,600,000
List Price
$1,700,000
Status
SOLD
MLS#
2046435
Closing Date
Jun 12, 2023
Days on Market
42
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
3,900
Area Total SqFt
3900
Annual Tax Ammount
12604
Lot Size (sq ft)
8,848
Sewer
Sewer Connected

Property Description

: 6-unit turn key apartment in Georgetown. Jackson went through a full studs out renovation with new interiors, systems, roof and windows. This is a legacy asset with true pride of ownership on a corner lot with parking in Georgetown. Financials are PROFORMA.

Additional Information

List Date
2023-05-01 00:00:00
Community
Georgetown
Net Operating Income
$84,518
Gross Adjusted Income
$128,370
Gross Scheduled Income
$123,300
Total Monthly Income
$10,278
Insurance Expenses
$2,400
Water/Sewer/Garbage Expenses
$3,620
Gross Rent Multiplier
20
Total Expenses
$43,852
Cap Rate
5
Vacancy Rate
4
Total Number of Units
6
Unit Name
6202
Potential Terms
Cash Out, Conventional
Year Built
1930
Roof
Flat
Electric Expenses
3621
Other Expenses
17986
Energy Source
Electric
School District
Seattle
Total Monthly Income
$10,278
Gross Scheduled Income
$123,300
Vacancy Rate
4
Gross Adjusted Income
$128,370
Tax Year
2023
Insurance Expense
$2,400
W/S/G Expenses
$3,620
Total Expenses
$43,852
Net Operating Income
$84,518
Gross Rent Multiplier
20
Cap Rate
5
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