4040 7th Ave NE, Seattle, WA 98105

$10,900,000
30,347
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: .

Sold Price
$10,900,000
List Price
$11,950,000
Status
SOLD
MLS#
1193781
Closing Date
Dec 01, 2017
Days on Market
78
Style
56 - 10+ Units
Finished SqFt
30,347
Lot Size (sq ft)
10,000

Property Description

Fantastic University District location walking distance to new light rail station. Building was completely remodeled in 2017 with new cabinets, quartz counters, new flooring, paint, mill work and fixtures. Brand new windows and recent roof. Completely turn-key. Easy access to UW, 93 walk score, on transit line and views of Lake Union!

Additional Information

List Date
2017-09-14 00:00:00
Community
University District
Property Type
MULT
Units
27
Stories
4
Potential Terms
Cash Out
Year Built
1987
Total Parking
20
Exterior
Wood
Roof
Flat
School District
Seattle
Total Monthly Income
$68,170
Gross Scheduled Income
$818,040
Vacancy Rate
5
Gross Adjusted Income
$777,138
Annual Taxes
$63,729
Tax Year
2017
Insurance Expense
$6,400
W/S/G Expenses
$20,000
Total Expenses
$182,315
Net Operating Income
$594,823
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
795
Unit 1 Rent
$2,595
Unit 2 Baths
1.00
Unit 2 Size
366
Unit 2 Rent
$1,195
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
674
Unit 3 Rent
$1,995
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
775
Unit 4 Rent
$1,995
Unit 5 Beds
3
Unit 5 Baths
1.00
Unit 5 Size
738
Unit 5 Rent
$2,895
Unit 6 Baths
1.00
Unit 6 Size
320
Unit 6 Rent
$1,195
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