619 Prospect St, Seattle, WA 98109

$3,099,000
7,410
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$3,099,000
Status
ACTIVE
MLS#
1464901
Days on Market
81
Style
56 - 10+ Units
Finished SqFt
7,410
Lot Size (sq ft)
7,200

Property Description

The SIX–19 Apartments offer an exceptional opportunity to acquire a 9-unit apartment building in excellent condition located in the very sought-after Lower Queen Anne neighborhood of Seattle. Units offer spacious floor plans with private decks or patios. Two-bedroom units offer a second ¾ bath and in suite W/D. Building has updated windows, a new TPO roof, and cosmetic improvements. 11 off-street parking spaces.

Additional Information

List Date
2019-05-28 00:00:00
Community
Queen Anne
Property Type
MULT
Units
9
Stories
3
Potential Terms
Cash Out
Year Built
1968
Total Parking
11
Uncovered Parking
11
Exterior
Cement/Concrete, Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$15,162
Gross Scheduled Income
$181,944
Vacancy Rate
2
Gross Adjusted Income
$178,305
Annual Taxes
$24,019
Tax Year
2019
Insurance Expense
$2,070
W/S/G Expenses
$11,053
Total Expenses
$52,951
Net Operating Income
$125,354
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
750
Unit 1 Rent
$1,500
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
750
Unit 2 Rent
$1,450
Unit 3 Baths
1.00
Unit 3 Size
610
Unit 3 Rent
$1,400
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
750
Unit 4 Rent
$1,550
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
750
Unit 5 Rent
$1,495
Unit 6 Beds
2
Unit 6 Baths
1.75
Unit 6 Size
1150
Unit 6 Rent
$2,250
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