4301 SW Hanford Street, Seattle, WA 98116
- $2,230,000
- 6,386
- SqFt
Listing courtesy of City Closers Real Estate. Selling Office: City Closers Real Estate.
- Sold Price
- $2,230,000
- List Price
- $2,500,000
- Status
- SOLD
- MLS#
- 2078062
- Closing Date
- Sep 28, 2023
- Days on Market
- 49
- Style
- 56 - 10+ Units
- Building Condition
- Average
- Finished SqFt
- 6,386
- Area Total SqFt
- 6386
- Annual Tax Ammount
- 23249
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 6,227
- Sewer
- Sewer Connected
Property Description
On the market for the first time in over 65 years, The Donna J apartments feature a corner location with frontage on California Ave SW in the heart of the Admiral District in West Seattle. Eleven apartments with ten one-bedroom units and one, two-bedroom unit, several of which have Olympic Mountain Views. Onsite laundry & storage are offered to the tenants.With its brick exterior, it offers classic architecture, true to the Admiral neighborhood. This fully leased asset is ready for an investor to capitalize on renovating and increasing rents. The developer can leverage its zoning of NC2-55(M) & build a brand new 22-unit condo or apartment complex w/ mountain views up to 55 feet & ~25kSF! Massing study completed.Location, location, location!
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Additional Information
- List Date
- 2023-08-10 00:00:00
- Community
- Admiral
- Net Operating Income
- $95,572
- Gross Adjusted Income
- $147,060
- Gross Scheduled Income
- $147,060
- Total Monthly Income
- $12,250
- Insurance Expenses
- $8,806
- Water/Sewer/Garbage Expenses
- $10,587
- Gross Rent Multiplier
- 18.35
- Total Expenses
- $51,488
- Cap Rate
- 3.54
- Total Number of Units
- 11
- Unit Name
- 4301
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1957
- View
- Mountain(s), Territorial
- Roof
- See Remarks
- Site Features
- High Speed Internet
- Other Expenses
- 8846
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Lafayette
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $12,250
- Gross Scheduled Income
- $147,060
- Gross Adjusted Income
- $147,060
- Tax Year
- 2023
- Insurance Expense
- $8,806
- W/S/G Expenses
- $10,587
- Total Expenses
- $51,488
- Net Operating Income
- $95,572
- Gross Rent Multiplier
- 18.35
- Cap Rate
- 3.54
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.