Bought with COMPASS
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,595 sqft
Price per Sqft $250
Subdivision Capitol Hill
MLS Listing ID 2211088
Sold Date 07/31/24
Style 55 - 5-9 Units
Year Built 1909
Annual Tax Amount $13,182
Lot Size 2,400 Sqft
Property Description
Huge price drop! This classic 5-unit apartment building in prime Capitol Hill location offers the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Nice mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.8 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill + downtown.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Interior Features Concrete, Fir/Softwood, Hardwood, Wall to Wall Carpet
Flooring Concrete, Softwood, Hardwood, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Waterfront No
View Y/N Yes
View City, Mountain(s), Partial, Territorial
Roof Type Composition
Building
Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Lowell
Middle Schools Meany Mid
High Schools Garfield High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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