3402 15th Ave W

Seattle, Washington WA98009

This four-story multifamily investment is built upon a 5,550-square foot site.? The modern design, and central location provides a sought after Queen Anne address. The property is less than a five minute commute to the RapidRide D line, as well as the future Interbay Light Rail Station. The forthcoming Expedia campus is also nearby, less than 10 minutes by car. The Bertona Steps luxury multifamily asset was completed in 2018 and offers a coveted location and modern units with designer finishes and energy efficiency. Rooted on the Western Side of Queen Anne, the convenient location provides easy access to the lifestyle amenities and employment opportunities of Greater Seattle.

About This Property

Listing ID1863365
SqFt 7,240
Acres 0.126
SubdivisionQueen Anne
Year Built2018
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Queen Anne
Year Built 2018
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Central A/C
Living Area Units Square Feet
Stories Total 5
Elevation Units Feet
Exterior Features Wood Products
Lot Features Sidewalk
Lot Size Square Feet 5500
Lot Size Units Square Feet
MLS Lot Size Source Public Record
Number Of Units Total 8
Open Parking Spaces 5
Parking Total 5
Parking Uncovered Spaces 5
Roof See Remarks
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 8
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 13482
Building Area Total 7240
Country US
High School District Seattle
MLS Area Major 700 - Queen Anne/Magno
View City
Waterfront no
Mls Status Active
Offers Seller intends to review offers upon receipt
Power Production Type Electric
Preliminary Title Ordered yes
Cap Rate 4.12
Gross Adjusted Income 173667
Gross Rent Multiplier 16
Gross Scheduled Income 249562
Insurance Expense 2773
Leasable Area 7240
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 168954
Other Expense 13927
Possession See Remarks
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 33311
Tax Year 2022
Total Expenses 75894
Total Monthly Income 19520
Vacancy Rate 3

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3402 15th Ave W Seattle, WA 98009

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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: Sunday, December 5th, 2021 10:17:27 PM.
Active Listing courtesy of Phillips Real Estate LLC
Active Listing courtesy of Phillips Real Estate LLC
Active Listing courtesy of Phillips Real Estate LLC
Data services provided by IDX Broker