68 W Etruria Street, Seattle, WA 98119
- $1,175,000
- 3,879
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $1,175,000
- List Price
- $965,000
- Status
- SOLD
- MLS#
- 2189953
- Closing Date
- Feb 02, 2024
- Days on Market
- 11
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,879
- Area Total SqFt
- 3879
- Annual Tax Ammount
- 15674
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
This property offers a range of possibilities for potential investors, including the prospect of value-added repositioning along with redevelopment. Positioned on the north slope of Queen Anne, this 5-unit apartment building sits on a 4,800-square-foot lot zoned LR3 (M). Currently vacant, the property allows investors to promptly enhance its value through renovations, maximizing returns on investment. The building is comprised of five spacious 1-bedroom/1-bathroom units, with a daylight basement offering potential for additional square footage to be added. Beyond the potential for value-added improvements, this property presents a distinct redevelopment opportunity.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2024-01-22 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $89,366
- Gross Adjusted Income
- $120,840
- Gross Scheduled Income
- $127,200
- Total Monthly Income
- $10,600
- Insurance Expenses
- $2,250
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 9.36
- Total Expenses
- $31,474
- Cap Rate
- 7.51
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 68
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1900
- Roof
- Built-Up
- Other Expenses
- 7550
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $10,600
- Gross Scheduled Income
- $127,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $120,840
- Tax Year
- 2023
- Insurance Expense
- $2,250
- W/S/G Expenses
- $6,000
- Total Expenses
- $31,474
- Net Operating Income
- $89,366
- Gross Rent Multiplier
- 9.36
- Cap Rate
- 7.51
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.