1115 6th Avenue N, Seattle, WA 98109
- $2,600,000
- 6,350
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,600,000
- List Price
- $2,695,000
- Status
- SOLD
- MLS#
- 2148878
- Closing Date
- Oct 23, 2023
- Days on Market
- 27
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,350
- Area Total SqFt
- 6350
- Annual Tax Ammount
- 21528
- Lot Size (sq ft)
- 7,680
- Sewer
- Sewer Connected
Property Description
On the market for the first time in 37 years, this offering presents an opportunity to purchase 9 units located on the south slope of Queen Anne. Built in 1964, the Greenbrier Apartments is comprised of eight – one bedroom units and one – two bedroom / one and a half bathroom unit. 8 of the 9 units have seen moderate updates over the last 5 years and they feature LVP flooring, double pane vinyl windows, dishwashers, and balconies. The building itself has undergone significant capital improvements including a new roof (2013), updated copper plumbing, all new water heaters (2017-2023), exterior painting and waterproofing (2016), as well as some new electrical panels.
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Additional Information
- List Date
- 2023-09-26 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $122,360
- Gross Adjusted Income
- $167,846
- Gross Scheduled Income
- $173,038
- Total Monthly Income
- $14,420
- Insurance Expenses
- $3,860
- Water/Sewer/Garbage Expenses
- $9,592
- Gross Rent Multiplier
- 15.57
- Total Expenses
- $45,486
- Cap Rate
- 4.54
- Vacancy Rate
- 3
- Total Number of Units
- 10
- Unit Name
- 1115
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1964
- Roof
- Flat
- Other Expenses
- 10506
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $14,420
- Gross Scheduled Income
- $173,038
- Vacancy Rate
- 3
- Gross Adjusted Income
- $167,846
- Tax Year
- 2023
- Insurance Expense
- $3,860
- W/S/G Expenses
- $9,592
- Total Expenses
- $45,486
- Net Operating Income
- $122,360
- Gross Rent Multiplier
- 15.57
- Cap Rate
- 4.54
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.