900 E Prospect Street, Seattle, WA 98102

$5,450,000
9,450
SqFt

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.

Sold Price
$5,450,000
List Price
$5,650,000
Status
SOLD
MLS#
1328314
Closing Date
Oct 12, 2018
Days on Market
15
Style
56 - 10+ Units
Finished SqFt
9,450
Area Total SqFt
9450
Annual Tax Ammount
41098
Lot Size (sq ft)
10,000
Sewer
Sewer Connected

Property Description

21 unit garden style apartment community in a premier high-end residential neighborhood. Building boasts gated entry with charming central courtyard. Attractive two-story building with brick and stone façade and on-site parking with space for 10. Excellent portfolio property with potential to add space and raise below market rents (buyer to verify).

Additional Information

List Date
2018-09-27 00:00:00
Community
North Capitol Hill
Net Operating Income
$230,739
Gross Adjusted Income
$337,847
Gross Scheduled Income
$344,742
Total Monthly Income
$28,729
Insurance Expenses
$4,583
Water/Sewer/Garbage Expenses
$19,313
Gross Rent Multiplier
16
Total Expenses
$107,108
Cap Rate
4.08
Vacancy Rate
2
Total Number of Units
21
Unit Name
900
Potential Terms
Cash Out
Year Built
1955
Roof
Flat
Other Expenses
42114
School District
Seattle
Total Monthly Income
$28,729
Gross Scheduled Income
$344,742
Vacancy Rate
2
Gross Adjusted Income
$337,847
Tax Year
2018
Insurance Expense
$4,583
W/S/G Expenses
$19,313
Total Expenses
$107,108
Net Operating Income
$230,739
Gross Rent Multiplier
16
Cap Rate
4.08
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