Pending
$2,350,000
Price
4,806
SqFt
4,806
SqFt

801 W McGraw Street

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

About This Property

Listing ID1866971
Price$2,350,000
StatusPending
SqFt 4,806
Acres 0.124
CountyKing
SubdivisionQueen Anne
Year Built1957
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
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 Pending
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered no
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

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801 W McGraw Street Seattle, WA 98119

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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.
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