530 S Cloverdale St, Seattle, WA 98108

$1,915,000
10,335
SqFt

Listing courtesy of Paragon Real Estate Advisors. Selling Office: .

Sold Price
$1,915,000
List Price
$1,950,000
Status
SOLD
MLS#
1205707
Closing Date
Jan 12, 2018
Days on Market
24
Style
56 - 10+ Units
Finished SqFt
10,335
Lot Size (sq ft)
12,000

Property Description

Attractive 15 unit building located in the South Park neighborhood, only 4 blocks from the neighborhood retail and service district and area amenities. Originally built in 1967 around a central outdoor courtyard that was recently covered with a large sunroof allowing sunlight to enter while sheltering it from rain. The building has new Milgard vinyl, double paned windows. The building offers a marblecrete exterior, vinyl flooring, wood cabinets and laminate counter tops.

Additional Information

List Date
2017-10-10 00:00:00
Community
South Park
Property Type
MULT
Units
15
Stories
2
Potential Terms
Cash Out
Year Built
1967
Total Parking
15
Uncovered Parking
15
Exterior
Cement/Concrete, Wood, Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$13,526
Gross Scheduled Income
$162,308
Vacancy Rate
3
Gross Adjusted Income
$157,439
Annual Taxes
$13,076
Tax Year
2017
Insurance Expense
$4,450
W/S/G Expenses
$21,983
Total Expenses
$68,989
Net Operating Income
$88,450
Gross Rent Multiplier
12
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$861
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$861
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$861
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
600
Unit 4 Rent
$861
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
600
Unit 5 Rent
$861
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
600
Unit 6 Rent
$861
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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