1524 14th Ave S, Seattle, WA 98144

$1,625,000
3,152
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: .

Sold Price
$1,625,000
List Price
$1,650,000
Status
SOLD
MLS#
1238084
Closing Date
Apr 26, 2018
Days on Market
42
Style
53 - Tri-plex
Building Condition
['Remodeled']
Finished SqFt
3,152
Lot Size (sq ft)
4,400

Property Description

Please do not disturb tenants. The property provides a rare opportunity to own a luxury multifamily building near downtown Seattle. Reconstructed as condos, Valentine Terrace is a boutique community of just three apartment homes. Originally built in 1903, the apartments were completely gutted and renovated in 2008, featuring the finest quality upgrades and finishes.

Additional Information

List Date
2018-01-25 00:00:00
Community
N Beacon Hill
Property Type
MULT
Units
3
Stories
4
Potential Terms
Cash Out
Year Built
1903
Total Parking
4
Uncovered Parking
4
View
Mountain, Territorial
Exterior
Wood Products
Roof
Composition
Site Features
['Cable TV', 'Deck', 'Fenced-Partially', 'Gas Available', 'Patio']
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$7,150
Gross Scheduled Income
$85,800
Vacancy Rate
3
Gross Adjusted Income
$83,226
Annual Taxes
$9,510
Tax Year
2017
Insurance Expense
$2,088
W/S/G Expenses
$205
Total Expenses
$16,969
Net Operating Income
$66,257
Gross Rent Multiplier
19
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
868
Unit 1 Rent
$1,950
Unit 2 Beds
3
Unit 2 Baths
1.75
Unit 2 Size
868
Unit 2 Rent
$2,300
Unit 3 Beds
3
Unit 3 Baths
2.75
Unit 3 Size
1416
Unit 3 Rent
$2,850

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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