718 Cherry Street, Seattle, WA 98104
- $7,444,000
- 13,720
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Paragon Real Estate Advisors.
- Sold Price
- $7,444,000
- List Price
- $7,649,000
- Status
- SOLD
- MLS#
- 1529612
- Closing Date
- Dec 20, 2019
- Days on Market
- 19
- Style
- 56 - 10+ Units
- Finished SqFt
- 13,720
- Area Total SqFt
- 13720
- Annual Tax Ammount
- 57368
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
This 30 unit community (29 units + 1 commercial space) provides an excellent opportunity to own an apartment in Seattle’s core market located one block east of downtown. 97 Walk Score and 100 Transit Score. This neighborhood is going through significant redevelopment with luxury apartments, senior assisted living facilities, expansion of major medical centers including Swedish Hospital and medical Center, and Harborview Hospital as well as the development of many highrise office developments.
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Additional Information
- List Date
- 2019-12-01 00:00:00
- Community
- First Hill
- Net Operating Income
- $386,549
- Gross Adjusted Income
- $559,402
- Gross Scheduled Income
- $576,703
- Total Monthly Income
- $44,553
- Insurance Expenses
- $9,000
- Water/Sewer/Garbage Expenses
- $30,004
- Gross Rent Multiplier
- 13
- Total Expenses
- $172,854
- Cap Rate
- 5.05
- Vacancy Rate
- 3
- Total Number of Units
- 30
- Unit Name
- 718
- Potential Terms
- Cash Out
- Year Built
- 1902
- Roof
- Flat
- Other Expenses
- 76482
- School District
- Seattle
- Total Monthly Income
- $44,553
- Gross Scheduled Income
- $576,703
- Vacancy Rate
- 3
- Gross Adjusted Income
- $559,402
- Tax Year
- 2019
- Insurance Expense
- $9,000
- W/S/G Expenses
- $30,004
- Total Expenses
- $172,854
- Net Operating Income
- $386,549
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.05
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