1111 18th Avenue, Seattle, WA 98122
- $2,500,000
- 5,213
- SqFt
Listing courtesy of Opal Blue Real Estate, LLC.
- List Price
- $2,500,000
- Status
- ACTIVE
- MLS#
- 2029407
- Price Change
- ▼ $125,000 1676940895
- Days on Market
- 60
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,213
- Area Total SqFt
- 5213
- Annual Tax Ammount
- 22392
- Lot Size (sq ft)
- 7,200
- Sewer
- Sewer Connected
Property Description
Updated, well kept 8 unit apartment complex on the southside of Capitol Hill. This historic building has an effective year built of 1994 yet maintains its old world charm. The complex consists of (6) 1bd/1ba, 2 studios, an unrented bonus unit recently used as an owner's closet, a basement with two sets of w/d and 7 off-street parking spots. Several of the units are two stories high and many units have their own balcony or porch. Lots of updates to plumbing, sewer, electrical and foundation over the years. The units and the building are all in good shape. The large 7,200sf lot combined with a hedged front yard provide plenty of private, outdoor space. Offered at a 4.3% CAP. Raising rents to market and renting bonus room take it to 5.6% CAP.
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Additional Information
- List Date
- 2023-01-26 18:51:09
- Community
- Capitol Hill
- Net Operating Income
- $106,706
- Gross Adjusted Income
- $150,504
- Gross Scheduled Income
- $153,576
- Total Monthly Income
- $12,798
- Insurance Expenses
- $3,671
- Water/Sewer/Garbage Expenses
- $8,423
- Gross Rent Multiplier
- 16.3
- Total Expenses
- $43,799
- Cap Rate
- 4.3
- Vacancy Rate
- 2
- Total Number of Units
- 9
- Unit Name
- 1111
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1900
- View
- Mountain(s), Territorial
- Roof
- Composition, Flat
- Site Features
- Cable TV, Deck, Fenced-Partially
- Electric Expenses
- 130
- Other Expenses
- 8674
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $12,798
- Gross Scheduled Income
- $153,576
- Vacancy Rate
- 2
- Gross Adjusted Income
- $150,504
- Tax Year
- 2022
- Insurance Expense
- $3,671
- W/S/G Expenses
- $8,423
- Total Expenses
- $43,799
- Net Operating Income
- $106,706
- Gross Rent Multiplier
- 16.3
- Cap Rate
- 4.3
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