2037 Boylston Avenue E, Seattle, WA 98102
- $4,025,000
- 9,626
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.
- Sold Price
- $4,025,000
- List Price
- $4,600,000
- Status
- SOLD
- MLS#
- 1997935
- Closing Date
- Aug 11, 2023
- Days on Market
- 195
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 9,626
- Area Total SqFt
- 9626
- Annual Tax Ammount
- 36697
- Lot Size (sq ft)
- 9,626
- Sewer
- Sewer Connected
Property Description
Aldora Apartments is a handsome 15-Unit brick veneer apartment building, beaming with timeless character, and ideally located in one of Seattle’s most sought-after neighborhoods. It features 15 large one-bedroom apartment units with amazing territorial views of Lake Union and Seattle. Aldora offers investors a tremendous opportunity to increase income by over 40% after light cosmetic unit updates, and capitalize on further upside by adding a 16th unit to the daylight basement and adding two large townhomes to alley-accessed parking lot. Aldora has been meticulously maintained and updated by the long-term owner, and is now available on the market for the first time in over 35 years. Don’t miss your chance to own this trophy asset.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2023-01-28 00:00:00
- Community
- Eastlake
- Net Operating Income
- $169,370
- Gross Adjusted Income
- $268,060
- Gross Scheduled Income
- $276,000
- Total Monthly Income
- $23,025
- Insurance Expenses
- $9,963
- Water/Sewer/Garbage Expenses
- $5,559
- Gross Rent Multiplier
- 30
- Total Expenses
- $98,690
- Cap Rate
- 3.3
- Vacancy Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 2037
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1929
- View
- City, Lake, Mountain(s)
- Roof
- Torch Down
- Electric Expenses
- 5559
- Other Expenses
- 35353
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $23,025
- Gross Scheduled Income
- $276,000
- Vacancy Rate
- 4
- Gross Adjusted Income
- $268,060
- Tax Year
- 2022
- Insurance Expense
- $9,963
- W/S/G Expenses
- $5,559
- Total Expenses
- $98,690
- Net Operating Income
- $169,370
- Gross Rent Multiplier
- 30
- Cap Rate
- 3.3
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.