800 812-818 29 Avenue S, Seattle, WA 98144

$3,599,000
6,935
SqFt

Listing courtesy of Butler Real Estate Group.

List Price
$3,599,000
Status
ACTIVE
MLS#
1681906
Price Change
▼ $251,000 1667536823
Days on Market
808
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
6,935
Area Total SqFt
6935
Annual Tax Ammount
26896
Lot Size (sq ft)
15,000
Sewer
Sewer Connected

Property Description

Seattle 15,000 sq ft buildable lot. Build multiple units with city views on this prime location in the heart of Seattle. Also includes two 4 Unit apartment buildings. Upper units have great city views. 12 covered parking spaces. Newer Roof. Steady income. Blocks from Light Rail station, lake Washington and minutes to Downtown. Great income investment with many development possibilities!

Additional Information

List Date
2020-11-13 20:16:09
Community
Central Area
Net Operating Income
$226,258
Gross Adjusted Income
$274,704
Gross Scheduled Income
$283,200
Total Monthly Income
$23,775
Insurance Expenses
$11,200
Water/Sewer/Garbage Expenses
$11,682
Gross Rent Multiplier
12.7
Total Expenses
$50,546
Cap Rate
6.29
Vacancy Rate
3
Total Number of Units
8
Unit Name
800 812-818
Potential Terms
Cash Out, Conventional, Owner Financing
Year Built
1963
View
Territorial
Roof
Flat
Site Features
Cable TV
Heating/Cooling Type
Baseboard
Electric Expenses
768
Energy Source
Electric
School District
Seattle
Elementary School
Thurgood Marshall El
Middle School
Wash Mid
High School
Garfield High
Total Monthly Income
$23,775
Gross Scheduled Income
$283,200
Vacancy Rate
3
Gross Adjusted Income
$274,704
Tax Year
2022
Insurance Expense
$11,200
W/S/G Expenses
$11,682
Total Expenses
$50,546
Net Operating Income
$226,258
Gross Rent Multiplier
12.7
Cap Rate
6.29
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