601 E Roy Street, Seattle, WA 98102

$2,700,000
10,130
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: Skyline Properties, Inc..

Sold Price
$2,700,000
List Price
$3,000,000
Status
SOLD
MLS#
2162219
Closing Date
Jan 09, 2024
Days on Market
34
Style
56 - 10+ Units
Finished SqFt
10,130
Area Total SqFt
10130
Annual Tax Ammount
30432
Lot Size (sq ft)
4,225
Sewer
Available

Property Description

Located in the heart of Seattle’s vibrant Capitol Hill neighborhood is an extraordinary opportunity for investors seeking both current income and future potential. The East Roy Apt, a 12-unit apartment building boasts a desirable location. This mid-century building features 9 one-bedroom and 3 two-bedroom units, offering spacious layouts designed for comfortable living. Timeless walk-up design and open floor plans, thoughtfully designed to seamlessly integrate kitchens, dining areas, and generously sized living rooms. Select units have undergone modern renovations, featuring upgraded kitchen cabinets, stylish vinyl plank flooring, and contemporary lighting elements. Upgrading the remaining units would add value and rent upside.

Additional Information

List Date
2023-12-06 00:00:00
Community
Capitol Hill
Net Operating Income
$142,098
Gross Adjusted Income
$213,187
Gross Scheduled Income
$219,780
Total Monthly Income
$18,315
Insurance Expenses
$4,290
Water/Sewer/Garbage Expenses
$14,867
Gross Rent Multiplier
13.65
Total Expenses
$71,089
Cap Rate
4.74
Vacancy Rate
3
Total Number of Units
12
Unit Name
601
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
1958
View
City
Roof
Flat
Other Expenses
21500
Energy Source
Electric, Natural Gas
School District
Seattle
Total Monthly Income
$18,315
Gross Scheduled Income
$219,780
Vacancy Rate
3
Gross Adjusted Income
$213,187
Tax Year
2023
Insurance Expense
$4,290
W/S/G Expenses
$14,867
Total Expenses
$71,089
Net Operating Income
$142,098
Gross Rent Multiplier
13.65
Cap Rate
4.74
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