4636 4640 22nd Avenue NE Unit #1-12, Seattle, WA 98105
- $3,900,000
- 11,880
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Kidder Mathews.
- Sold Price
- $3,900,000
- List Price
- $3,700,000
- Status
- SOLD
- MLS#
- 1243001
- Closing Date
- May 10, 2018
- Days on Market
- 28
- Style
- 56 - 10+ Units
- Finished SqFt
- 11,880
- Area Total SqFt
- 11880
- Annual Tax Ammount
- 25057
- Lot Size (sq ft)
- 10,500
- Sewer
- Sewer Connected
Property Description
Located in the heart of Seattle’s vibrant University District just blocks from the UW, the Penthouse presents investors with the rare opportunity to purchase a well-built, value-add asset in a highly profitable & stable apartment submarket minutes from Downtown Seattle. The Penthouse will also appeal to developers looking to build view housing or ±60 studios. Rental upside, strong occupancy, and historically high appreciation make this opportunity a very attractive long-term investment.
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Additional Information
- List Date
- 2018-04-12 00:00:00
- Community
- University District
- Net Operating Income
- $132,964
- Gross Adjusted Income
- $200,789
- Gross Scheduled Income
- $209,155
- Total Monthly Income
- $17,430
- Insurance Expenses
- $4,600
- Water/Sewer/Garbage Expenses
- $12,788
- Gross Rent Multiplier
- 18
- Total Expenses
- $67,825
- Cap Rate
- 3.6
- Vacancy Rate
- 4
- Total Number of Units
- 12
- Unit Name
- 4636 4640
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1948
- View
- Lake, Mountain(s), Partial
- Roof
- Flat
- Site Features
- Deck
- Other Expenses
- 25380
- School District
- Seattle
- Total Monthly Income
- $17,430
- Gross Scheduled Income
- $209,155
- Vacancy Rate
- 4
- Gross Adjusted Income
- $200,789
- Tax Year
- 2017
- Insurance Expense
- $4,600
- W/S/G Expenses
- $12,788
- Total Expenses
- $67,825
- Net Operating Income
- $132,964
- Gross Rent Multiplier
- 18
- Cap Rate
- 3.6
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