317 E Thomas Street, Seattle, WA 98102
- $2,400,000
- 8,320
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: eXp Realty.
- Sold Price
- $2,400,000
- List Price
- $2,600,000
- Status
- SOLD
- MLS#
- 2172267
- Closing Date
- Feb 20, 2024
- Days on Market
- 49
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 8,320
- Area Total SqFt
- 8320
- Annual Tax Ammount
- 24705
- Lot Size (sq ft)
- 3,000
- Sewer
- Available
Property Description
Charming, spacious, and well cared building, with 6 out of 8 units are 2-bedrms. Light-filled bay windows and western units feature sweeping views of Downtown, SLU w/ the Space Needle and Puget Sound beyond. Built in 1910, wiring & heating system updated over the years. windows have wood blinds and most of the hardwood floors in units have been preserved while the kitchens have received updates - butcher block countertops in most units, newer gas ranges, Bosch DW in all units. Centrally-positioned within the Capitol Hill neighborhood, 317 presents investors w/ a perfect opportunity to embellish upon this attractive vintage w tasteful updates supportive of stronger rents that will increase the financial returns of the investment over time.
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Additional Information
- List Date
- 2024-01-02 00:00:00
- Community
- Capitol Hill
- Net Operating Income
- $127,026
- Gross Adjusted Income
- $190,380
- Gross Scheduled Income
- $200,400
- Total Monthly Income
- $16,700
- Insurance Expenses
- $3,603
- Water/Sewer/Garbage Expenses
- $14,586
- Gross Rent Multiplier
- 13
- Total Expenses
- $64,593
- Cap Rate
- 4.89
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 317
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- View
- City, Territorial
- Roof
- Flat
- Site Features
- Deck, Gas Available, High Speed Internet
- Other Expenses
- 21699
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $16,700
- Gross Scheduled Income
- $200,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $190,380
- Tax Year
- 2023
- Insurance Expense
- $3,603
- W/S/G Expenses
- $14,586
- Total Expenses
- $64,593
- Net Operating Income
- $127,026
- Gross Rent Multiplier
- 13
- Cap Rate
- 4.89
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.