2000 Waverly Place N, Seattle, WA 98109
- $2,300,000
- 6,166
- SqFt
Listing courtesy of Lee & Associates Commercial RE. Selling Office: Kelly Right RE of Seattle LLC.
- Sold Price
- $2,300,000
- List Price
- $2,700,000
- Status
- SOLD
- MLS#
- 2248613
- Closing Date
- Sep 13, 2024
- Days on Market
- 44
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,166
- Area Total SqFt
- 6166
- Annual Tax Ammount
- 27559
- Lot Size (sq ft)
- 7,600
- Sewer
- Sewer Connected
Property Description
Waverly Court (WC) is an 8-unit apt building in East Queen Anne. Conveniently located between Fremont, QA, and South Lake Union, WC is walking distance to local amenities & major tech employers such as Meta & Google. Attractive unit mix: One 1x1 & and Seven 2x1 w/ some upper floor units offering peekaboo water views. Avg. size of nearly 800sf, 2 units have updated kitchen and 5 units has LVT flooring. Tenants have access to private common patio, designated parking & common laundry. By updating the units and modernizing the systems and amenities, investors are poised to realize over 27% potential rental upside. WC makes an excellent investment for investors looking to secure a prime location and maximize their returns through value-add play.
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Additional Information
- List Date
- 2024-07-31 00:00:00
- Community
- Westlake
- Net Operating Income
- $169,060
- Gross Adjusted Income
- $167,865
- Gross Scheduled Income
- $176,700
- Total Monthly Income
- $14,725
- Insurance Expenses
- $6,000
- Water/Sewer/Garbage Expenses
- $11,200
- Gross Rent Multiplier
- 15.3
- Total Expenses
- $63,962
- Cap Rate
- 3.89
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 2000
- Potential Terms
- Cash Out, Conventional, Rehab Loan
- Year Built
- 1959
- View
- Lake, Territorial
- Roof
- Flat
- Site Features
- Fenced-Partially, Patio
- Other Expenses
- 19203
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $14,725
- Gross Scheduled Income
- $176,700
- Vacancy Rate
- 5
- Gross Adjusted Income
- $167,865
- Tax Year
- 2024
- Insurance Expense
- $6,000
- W/S/G Expenses
- $11,200
- Total Expenses
- $63,962
- Net Operating Income
- $169,060
- Gross Rent Multiplier
- 15.3
- Cap Rate
- 3.89
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.