1417 Belmont Ave, Seattle, WA 98122

$3,075,000
7,489
SqFt

Listing courtesy of RE/MAX Realty South. Selling Office: .

Sold Price
$3,075,000
List Price
$3,595,000
Status
SOLD
MLS#
1229307
Closing Date
Apr 25, 2018
Days on Market
7
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
7,489
Lot Size (sq ft)
5,000

Property Description

Fully leased prime capital hill area multi family minutes from downtown and convention center. Covered parking and open parking in back area. Always rented quickly with upside potential with some modernization of units.

Additional Information

List Date
2018-01-01 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
11
Stories
4
Potential Terms
Assumable, Cash Out, Conventional
Year Built
1964
Total Parking
6
Uncovered Parking
3
Exterior
Stucco
Roof
Flat
School District
Seattle
Total Monthly Income
$15,680
Gross Scheduled Income
$188,160
Vacancy Rate
3
Gross Adjusted Income
$182,515
Annual Taxes
$22,804
Tax Year
2017
Insurance Expense
$4,560
W/S/G Expenses
$10,200
Total Expenses
$60,516
Net Operating Income
$121,999
Gross Rent Multiplier
19
Cap Rate
3

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
400
Unit 1 Rent
$1,250
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
475
Unit 2 Rent
$1,375
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
475
Unit 3 Rent
$1,150
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
475
Unit 4 Rent
$1,300
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
475
Unit 5 Rent
$1,300
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
475
Unit 6 Rent
$1,250
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