5604 17th Avenue NE, Seattle, WA 98105

$1,215,000
3,783
SqFt

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.

Sold Price
$1,215,000
List Price
$1,388,000
Status
SOLD
MLS#
1396944
Closing Date
Mar 11, 2019
Days on Market
108
Style
55 - 5-9 Units
Finished SqFt
3,783
Area Total SqFt
3783
Annual Tax Ammount
9732
Lot Size (sq ft)
5,400
Sewer
Available

Property Description

Originally constructed in 1910, the property features period detail and charm as well as a mix of apartment units and rooms with shared spaces that are well suited to the University/Ravenna rental market. Residents are drawn to the walkability and convenience of the location and charming park side setting and slower paced feel of the Ravenna neighborhood.

Additional Information

List Date
2018-11-23 00:00:00
Community
Ravenna
Net Operating Income
$55,635
Gross Adjusted Income
$81,965
Gross Scheduled Income
$85,380
Total Monthly Income
$7,115
Insurance Expenses
$1,306
Water/Sewer/Garbage Expenses
$8,790
Gross Rent Multiplier
16
Total Expenses
$26,330
Cap Rate
4.01
Vacancy Rate
4
Total Number of Units
7
Unit Name
5604
Potential Terms
Cash Out
Year Built
1910
Roof
Composition
Other Expenses
4097
School District
Seattle
Total Monthly Income
$7,115
Gross Scheduled Income
$85,380
Vacancy Rate
4
Gross Adjusted Income
$81,965
Tax Year
2018
Insurance Expense
$1,306
W/S/G Expenses
$8,790
Total Expenses
$26,330
Net Operating Income
$55,635
Gross Rent Multiplier
16
Cap Rate
4.01
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