33 Galer Street, Seattle, WA 98109
- $2,250,000
Listing courtesy of Capstone Commercial. Selling Office: John L. Scott, Inc..
- Sold Price
- $2,250,000
- List Price
- $2,600,000
- Status
- SOLD
- MLS#
- 2073562
- Closing Date
- Jul 13, 2023
- Days on Market
- 5
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 23483
- Lot Size (sq ft)
- 4,738
- Sewer
- Sewer Connected
Property Description
Gorgeous 7-Unit 50's apartment building for sale with stunning 1,600 sf 3bd/2ba penthouse with panoramic view. Structure is wood frame with brick veneer. 68 steps lead through an overhang of trees to Queen Anne Avenue North. Zoning is LR1 (M). Lot size is 4,738sf (50 x 94.79) and does not include the parking along Galer Street, the sidewalk, or a portion of the north lawn area.
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Additional Information
- List Date
- 2023-07-08 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $42,175
- Gross Adjusted Income
- $132,696
- Gross Scheduled Income
- $138,600
- Total Monthly Income
- $11,550
- Insurance Expenses
- $4,953
- Water/Sewer/Garbage Expenses
- $9,216
- Gross Rent Multiplier
- 18.76
- Total Expenses
- $42,175
- Cap Rate
- 3.37
- Vacancy Rate
- 3
- Total Number of Units
- 7
- Unit Name
- 33
- Potential Terms
- Cash Out
- Year Built
- 1950
- Roof
- Flat
- Other Expenses
- 4523
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Seattle Public Sch
- Total Monthly Income
- $11,550
- Gross Scheduled Income
- $138,600
- Vacancy Rate
- 3
- Gross Adjusted Income
- $132,696
- Tax Year
- 2023
- Insurance Expense
- $4,953
- W/S/G Expenses
- $9,216
- Total Expenses
- $42,175
- Net Operating Income
- $42,175
- Gross Rent Multiplier
- 18.76
- Cap Rate
- 3.37
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