2635 14th Avenue W, Seattle, WA 98119
- $1,995,000
- 4,306
- SqFt
Listing courtesy of Lee & Associates Commercial RE.
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- 2296870
- Days on Market
- 9
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,306
- Area Total SqFt
- 4306
- Annual Tax Ammount
- 15961
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-10-11
Property Description
The Back Nine Apartments, an eight-unit apartment building in West Queen Anne. Positioned between Ballard, Fremont, South Lake Union and Downtown Seattle, Back Nine offers its residents convenient proximity to local amenities and major employers such as Meta, Google, Expedia, and more. The property features an attractive unit mix consisting of all walk-up style one-bedroom apartments with separate entrances and featuring a spacious average size of 538 sf. The building also offers its tenants a shared back yard space, incorporating a patio and barbecue area. The perfect investment for those looking to secure a prime location, proven strong tenant base, and modern systems and amenities in one Seattle’s most centrally located neighborhoods.
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Additional Information
- List Date
- 2024-10-01 01:13:09
- Community
- Queen Anne
- Net Operating Income
- $104,430
- Gross Adjusted Income
- $144,837
- Gross Scheduled Income
- $152,460
- Total Monthly Income
- $12,809
- Insurance Expenses
- $5,978
- Water/Sewer/Garbage Expenses
- $9,450
- Gross Rent Multiplier
- 13.1
- Total Expenses
- $49,279
- Cap Rate
- 5.23
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 2635
- Potential Terms
- Conventional
- Year Built
- 1955
- View
- City, Golf Course, Mountain(s), Ocean
- Roof
- Flat
- Site Features
- Fenced-Partially, High Speed Internet, Patio
- Other Expenses
- 17890
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Queen Anne
- Middle School
- Mc Clure Mid
- High School
- Lincoln High
- Total Monthly Income
- $12,809
- Gross Scheduled Income
- $152,460
- Vacancy Rate
- 5
- Gross Adjusted Income
- $144,837
- Tax Year
- 2024
- Insurance Expense
- $5,978
- W/S/G Expenses
- $9,450
- Total Expenses
- $49,279
- Net Operating Income
- $104,430
- Gross Rent Multiplier
- 13.1
- Cap Rate
- 5.23
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.