Active
$3,850,000
Price
5,440
SqFt
5,440
SqFt

938 10th Avenue E  1-6

Seattle, Washington WA98102

The Villa townhome apartments are located close to Volunteer Park and blocks from Capitol Hill's entertainment and cultural offerings on Broadway. Each townhome offers a private entry, renovated kitchens, update bathrooms and a private back patio. The penthouse flats feature vaulted ceilings, contemporary finishes, exterior balconies, large windows and complete privacy. The building itself offers storage lockers, garages, mostly upgraded electrical and plumbing systems and a newer roof (5 years old). The property has easy access to SLU, downtown, and the UW. With a historical record of near 100% occupancy and full collections since January of 202, the Villa offers a secure investment at a 4.3% cap rate on current income and expenses.

About This Property

Listing ID1844292
Price$3,850,000
StatusActive
SqFt 5,440
Acres 0.094
CountyKing
SubdivisionNorth Capitol Hill
Year Built1953
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision North Capitol Hill
Year Built 1953
Building Area Units Square Feet
Flooring Ceramic Tile, Hardwood, Vinyl, Vinyl Plank
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Ceramic Tile
Living Area Units Square Feet
Stories Total 3
Covered Spaces 2
Elevation Units Feet
Exterior Features Stone, Wood
Foundation Details Poured Concrete
Lot Features Curbs, Paved, Sidewalk
Lot Size Square Feet 4100
Lot Size Units Square Feet
MLS Lot Size Source County Records
Number Of Units Total 6
Parking Total 2
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 6
Utilities High Speed Internet, Sewer Connected, Electricity Available
Water Sewer Garbage 10548
Building Area Total 5440
Country US
Elementary School Lowell
High School Garfield High
High School District Seattle
Middle Or Junior School Meany Mid
MLS Area Major 390 - Central Seattle
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Basement,Fire Sprinklers,Storage,Thermal Windows
Effective Year Built Source See Remarks
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Site Features Deck, Electric Car Charging, Fenced-Partially, High Speed Internet, Patio
Year Built Effective 2016
Cap Rate 4.33
Gross Adjusted Income 224036
Gross Rent Multiplier 17
Gross Scheduled Income 228478
Insurance Expense 2161
Leasable Area 4710
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 166754
Other Expense 23709
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 20865
Tax Year 2021
Total Expenses 57283
Total Monthly Income 19040
Vacancy Rate 2

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938 10th Avenue E #1-6 Seattle, WA 98102

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The database information herein is provided from 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. The information contained in this listing has not been verified by WPI Real Estate Services, Inc. (7101) and should be verified by the buyer. © 2021 NWMLS. All rights reserved. Data last updated: Saturday, October 23rd, 2021 10:46:32 PM.
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