601 E Roy Street, Seattle, WA 98102
- $2,700,000
- 10,130
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Skyline Properties, Inc..
- Sold Price
- $2,700,000
- List Price
- $3,000,000
- Status
- SOLD
- MLS#
- 2162219
- Closing Date
- Jan 09, 2024
- Days on Market
- 34
- Style
- 56 - 10+ Units
- Finished SqFt
- 10,130
- Area Total SqFt
- 10130
- Annual Tax Ammount
- 30432
- Lot Size (sq ft)
- 4,225
- Sewer
- Available
Property Description
Located in the heart of Seattle’s vibrant Capitol Hill neighborhood is an extraordinary opportunity for investors seeking both current income and future potential. The East Roy Apt, a 12-unit apartment building boasts a desirable location. This mid-century building features 9 one-bedroom and 3 two-bedroom units, offering spacious layouts designed for comfortable living. Timeless walk-up design and open floor plans, thoughtfully designed to seamlessly integrate kitchens, dining areas, and generously sized living rooms. Select units have undergone modern renovations, featuring upgraded kitchen cabinets, stylish vinyl plank flooring, and contemporary lighting elements. Upgrading the remaining units would add value and rent upside.
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Additional Information
- List Date
- 2023-12-06 00:00:00
- Community
- Capitol Hill
- Net Operating Income
- $142,098
- Gross Adjusted Income
- $213,187
- Gross Scheduled Income
- $219,780
- Total Monthly Income
- $18,315
- Insurance Expenses
- $4,290
- Water/Sewer/Garbage Expenses
- $14,867
- Gross Rent Multiplier
- 13.65
- Total Expenses
- $71,089
- Cap Rate
- 4.74
- Vacancy Rate
- 3
- Total Number of Units
- 12
- Unit Name
- 601
- Potential Terms
- Cash Out, Conventional, See Remarks
- Year Built
- 1958
- View
- City
- Roof
- Flat
- Other Expenses
- 21500
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $18,315
- Gross Scheduled Income
- $219,780
- Vacancy Rate
- 3
- Gross Adjusted Income
- $213,187
- Tax Year
- 2023
- Insurance Expense
- $4,290
- W/S/G Expenses
- $14,867
- Total Expenses
- $71,089
- Net Operating Income
- $142,098
- Gross Rent Multiplier
- 13.65
- Cap Rate
- 4.74
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.