910 E Prospect Street, Seattle, WA 98102

$852,000
2,217
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere Real Estate Midtown.

Sold Price
$852,000
List Price
$850,000
Status
SOLD
MLS#
764132
Closing Date
Apr 30, 2015
Days on Market
4
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,217
Area Total SqFt
2217
Annual Tax Ammount
5604
Lot Size (sq ft)
4,000
Sewer
Sewer Connected

Property Description

This duplex offers an investor or owner occupant the opportunity to purchase a well-located residential property in Capitol Hill, the most densely populated neighborhood in Seattle. Nearby are a multitude of shops, restaurants, entertainment, and services. The property has definite rent upside as the current rents are well below market. In addition, additional space within the building could be used to increase income. The LR3 zoning offers the potential for future development.

Additional Information

List Date
2015-04-26 00:00:00
Community
Capitol Hill
Net Operating Income
$18,366
Gross Adjusted Income
$30,870
Gross Scheduled Income
$28,500
Total Monthly Income
$2,375
Insurance Expenses
$1,400
Water/Sewer/Garbage Expenses
$3,000
Gross Rent Multiplier
27
Total Expenses
$12,504
Cap Rate
2.16
Vacancy Rate
2
Total Number of Units
2
Unit Name
910
Potential Terms
Cash Out
Year Built
1905
Roof
Composition
Other Expenses
2500
School District
Seattle
Total Monthly Income
$2,375
Gross Scheduled Income
$28,500
Vacancy Rate
2
Gross Adjusted Income
$30,870
Tax Year
2015
Insurance Expense
$1,400
W/S/G Expenses
$3,000
Total Expenses
$12,504
Net Operating Income
$18,366
Gross Rent Multiplier
27
Cap Rate
2.16
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