Seattle,
Washington WA98119
Located on a corner lot, the subject property is a timeless mid-century walk-up style building comprised of 8 one-bedroom units. The building has had several updates including a newer roof, double-pane windows and copper plumbing. The units all have similar floor plans with kitchens that flow effortlessly into spacious dining areas and generously sized living rooms. Most of the units have wall to wall carpet covering the original oak flooring adding to the ease of incremental improvements at turnover. The laundry room and storage have direct level access from the parking lot which could be renovated to add an additional apartment unit, buyer to verify. 1 unit has been renovated with new kitchen cabinets, vinyl plank floors & modern lights
Listing ID1866971
Sold For$2,355,000
StatusClosed
Sold Date2/09/2022
SqFt
4,806
Acres
0.124
CountyKing
SubdivisionQueen Anne
Year Built1957
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Queen Anne
Year Built
1957
Building Area Units
Square Feet
Flooring
Ceramic Tile, Vinyl Plank, Carpet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Interior Features
Ceramic Tile, Wall to Wall Carpet
Living Area Units
Square Feet
Stories Total
2
Elevation Units
Feet
Exterior Features
Brick, Wood
Lot Features
Corner Lot
Lot Size Square Feet
5400
Lot Size Units
Square Feet
MLS Lot Size Source
King County
Number Of Units Total
8
Open Parking Spaces
4
Parking Total
4
Parking Uncovered Spaces
4
Roof
Flat
Sewer
Available
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
8
Utilities
Electricity Available
Water Sewer Garbage
7945
Building Area Total
4806
Country
US
High School District
Seattle
MLS Area Major
700 - Queen Anne/Magno
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Basement,Coin Op Laundry,Storage
First Right Of Refusal
no
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Production Type
Electric
Preliminary Title Ordered
no
Show Map Link
yes
Buyer Financing
Conventional
Cap Rate
3.84
Gross Adjusted Income
127051
Gross Rent Multiplier
17
Gross Scheduled Income
130980
Insurance Expense
2100
Leasable Area
4806
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
90229
Other Expense
4900
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
21877
Tax Year
2021
Total Expenses
36822
Total Monthly Income
10915
Vacancy Rate
5
801 W McGraw Street Seattle, WA 98119
Based on information submitted to the MLS GRID as of Friday, March 29th, 2024 02:40:16 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
#IDX-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of Westlake Associates, Inc.
Listing sold by ZNonMember-Office-MLS
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Closed Listing courtesy of Westlake Associates, Inc.
Listing sold by ZNonMember-Office-MLS