315 W Roy Street, Seattle, WA 98119

$2,710,000
3,569
SqFt

Listing courtesy of Real Property Associates. Selling Office: RE/MAX Metro Realty, Inc..

Sold Price
$2,710,000
List Price
$2,500,000
Status
SOLD
MLS#
1755672
Closing Date
Jun 11, 2021
Days on Market
310
Style
56 - 10+ Units
Building Condition
Very Good
Finished SqFt
3,569
Area Total SqFt
3569
Annual Tax Ammount
13776
Lot Size (sq ft)
3,360
Sewer
Sewer Connected

Property Description

Welcome to The Roy, in Seattle’s Lower Queen Anne neighborhood. This 10 unit boutique building was completely rebuilt with all new finishes and has rare off-street parking. Each unit is self-containing featuring its own washer/dryer, kitchen, with some units offering private balconies. It sits just minutes from Amazon, Google, Expedia among other large area employers plus many services and amenities. All units are vacant.

Additional Information

List Date
2020-08-05 00:00:00
Community
Queen Anne
Net Operating Income
$156,439
Gross Adjusted Income
$194,940
Gross Scheduled Income
$205,200
Total Monthly Income
$17,700
Insurance Expenses
$3,600
Water/Sewer/Garbage Expenses
$10,980
Gross Rent Multiplier
15
Total Expenses
$38,501
Cap Rate
6.79
Vacancy Rate
5
Total Number of Units
10
Unit Name
315
Potential Terms
Cash Out, Conventional
Year Built
1992
View
Mountain(s), Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially
Other Expenses
10145
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$17,700
Gross Scheduled Income
$205,200
Vacancy Rate
5
Gross Adjusted Income
$194,940
Tax Year
2020
Insurance Expense
$3,600
W/S/G Expenses
$10,980
Total Expenses
$38,501
Net Operating Income
$156,439
Gross Rent Multiplier
15
Cap Rate
6.79
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