714 N 1st Avenue N, Seattle, WA 98109
- $1,900,000
- 6,090
- SqFt
Listing Broker: Windermere Real Estate Co.; Leah Hill; 206-852-7634; leahhill@windermere.com
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- 2596566
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,090
- Area Total SqFt
- 6090
- Annual Tax Ammount
- 26364.06
- Lot Size (sq ft)
- 8,320
- Sewer
- Available
Property Description
Rare Lower Queen Anne investment opportunity! This charming six-unit apartment building combines an exceptional Seattle location with a compelling value-add opportunity.? All six units have been recently renovated and feature a desirable mix of four two-bedroom/one-bath units and two one-bedroom/one-bath units.? Historically low tenant turnover and strong rental demand make this an attractive income-producing asset.? A rare seven-car parking lot, separate paid laundry room, and individual water meters for each unit add to the appeal.? With parking at a premium and future redevelopment potential to explore, this property offers investors the opportunity to hold a well-located asset today while considering its longer-term upside.?
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Additional Information
- Community
- Queen Anne
- Net Operating Income
- $11,291,594
- Gross Adjusted Income
- $156,600
- Gross Scheduled Income
- $156,600
- Total Monthly Income
- $156,600
- Insurance Expenses
- $6,679
- Water/Sewer/Garbage Expenses
- $10,641
- Gross Rent Multiplier
- 12.13
- Total Expenses
- $43,684
- Cap Rate
- 5.9
- Total Number of Units
- 6
- Unit Name
- 714
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1906
- Roof
- Flat
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $156,600
- Gross Scheduled Income
- $156,600
- Gross Adjusted Income
- $156,600
- Tax Year
- 2026
- Insurance Expense
- $6,679
- W/S/G Expenses
- $10,641
- Total Expenses
- $43,684
- Net Operating Income
- $11,291,594
- Gross Rent Multiplier
- 12.13
- Cap Rate
- 5.9
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.