5511 25th Avenue NE, Seattle, WA 98105
- $2,010,000
- 5,060
- SqFt
Listing courtesy of RE/MAX Metro Realty, Inc.. Selling Office: Saratoga Equities, LLC.
- Sold Price
- $2,010,000
- List Price
- $1,985,000
- Status
- SOLD
- MLS#
- 1142172
- Closing Date
- Aug 16, 2017
- Days on Market
- 9
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,060
- Area Total SqFt
- 5060
- Annual Tax Ammount
- 13088
- Lot Size (sq ft)
- 8,379
- Sewer
- Sewer Connected
- Offer Review Date
- 2017-06-28
Property Description
Beautiful Victorian style 6 unit Apt building is 1 of a kind! Pride of ownership from top to bottom. Including new sewer & water lines to the street. Rents are below market value & owner does not charge for parking or shop, which is used by owner & could offer addition $$$. The apartment mix is 4, 1 br unit, 1, 2 br unit & 1 studio. 2 lower units are level to serene backyard. Lots of Old World Charm thru-out the building. 2 units w/ views. Future Develope 4, 25' wide lots make up the 8379 lot!
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Additional Information
- List Date
- 2017-08-07 00:00:00
- Community
- Ravenna
- Net Operating Income
- $75,467
- Gross Adjusted Income
- $108,606
- Gross Scheduled Income
- $109,704
- Total Monthly Income
- $9,142
- Insurance Expenses
- $2,708
- Water/Sewer/Garbage Expenses
- $5,074
- Gross Rent Multiplier
- 18
- Total Expenses
- $33,139
- Cap Rate
- 3.8
- Vacancy Rate
- 1
- Total Number of Units
- 6
- Unit Name
- 5511
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1900
- Roof
- Composition
- Site Features
- Cable TV, Deck, Patio, Shop
- Electric Expenses
- 841
- Other Expenses
- 11127
- School District
- Seattle
- Total Monthly Income
- $9,142
- Gross Scheduled Income
- $109,704
- Vacancy Rate
- 1
- Gross Adjusted Income
- $108,606
- Tax Year
- 2017
- Insurance Expense
- $2,708
- W/S/G Expenses
- $5,074
- Total Expenses
- $33,139
- Net Operating Income
- $75,467
- Gross Rent Multiplier
- 18
- Cap Rate
- 3.8
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