1520 E Fir Street, Seattle, WA 98122
- $900,000
- 1,990
- SqFt
Listing courtesy of Windermere RE Greenwood. Selling Office: COMPASS.
- Sold Price
- $900,000
- List Price
- $1,075,000
- Status
- SOLD
- MLS#
- 1868663
- Closing Date
- Jun 10, 2022
- Days on Market
- 202
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 1,990
- Area Total SqFt
- 1990
- Annual Tax Ammount
- 8042
- Lot Size (sq ft)
- 4,156
- Sewer
- Sewer Connected
Property Description
Great development opportunity in the Central Area! This duplex is on a 4,153 square foot LR3 lot in the heart of the Central Area/First Hill/Capitol Hill urban zone. Sits adjacent to Seattle University and walking distance to Capitol Hill & the International district. LR3 (M) zoning with a FAR of 2.3 means you can build up to 9558 square feet. (Or up to 8000 SF with no design review) One scenario would be to build 4 to 8 four story town homes with great views of downtown from rooftop decks. The existing structure is a duplex. It has steady rental income, but the property is probably worth more as a building lot then as a rental. Buyer to verify all information.
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Additional Information
- List Date
- 2021-11-20 00:00:00
- Community
- Central Area
- Net Operating Income
- $31,458
- Gross Adjusted Income
- $40,800
- Gross Scheduled Income
- $43,800
- Total Monthly Income
- $3,300
- Insurance Expenses
- $1,300
- Gross Rent Multiplier
- 24.54
- Total Expenses
- $9,342
- Cap Rate
- 2.92
- Total Number of Units
- 2
- Unit Name
- 1520
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1993
- View
- City
- Roof
- Composition
- Energy Source
- Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,300
- Gross Scheduled Income
- $43,800
- Gross Adjusted Income
- $40,800
- Tax Year
- 2021
- Insurance Expense
- $1,300
- Total Expenses
- $9,342
- Net Operating Income
- $31,458
- Gross Rent Multiplier
- 24.54
- Cap Rate
- 2.92
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