4040 7th Avenue NE, Seattle, WA 98105
- $10,900,000
- 30,347
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..
- Sold Price
- $10,900,000
- List Price
- $11,950,000
- Status
- SOLD
- MLS#
- 1193781
- Closing Date
- Dec 01, 2017
- Days on Market
- 78
- Style
- 56 - 10+ Units
- Finished SqFt
- 30,347
- Area Total SqFt
- 30347
- Annual Tax Ammount
- 63729
- Lot Size (sq ft)
- 10,000
- Sewer
- Sewer Connected
Property Description
Fantastic University District location walking distance to new light rail station. Building was completely remodeled in 2017 with new cabinets, quartz counters, new flooring, paint, mill work and fixtures. Brand new windows and recent roof. Completely turn-key. Easy access to UW, 93 walk score, on transit line and views of Lake Union!
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Additional Information
- List Date
- 2017-09-14 00:00:00
- Community
- University District
- Net Operating Income
- $594,823
- Gross Adjusted Income
- $777,138
- Gross Scheduled Income
- $818,040
- Total Monthly Income
- $68,170
- Insurance Expenses
- $6,400
- Water/Sewer/Garbage Expenses
- $20,000
- Gross Rent Multiplier
- 15
- Total Expenses
- $182,315
- Cap Rate
- 4.95
- Vacancy Rate
- 5
- Total Number of Units
- 27
- Unit Name
- 4040
- Potential Terms
- Cash Out
- Year Built
- 1987
- Roof
- Flat
- Electric Expenses
- 10000
- Other Expenses
- 82186
- School District
- Seattle
- Total Monthly Income
- $68,170
- Gross Scheduled Income
- $818,040
- Vacancy Rate
- 5
- Gross Adjusted Income
- $777,138
- Tax Year
- 2017
- Insurance Expense
- $6,400
- W/S/G Expenses
- $20,000
- Total Expenses
- $182,315
- Net Operating Income
- $594,823
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.95
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