Active
$2,700,000
Price
4,850
SqFt
4,850
SqFt

5201 19th Avenue NE

Seattle, Washington WA98105

Excellent rooming house investment property in the U-District. This well maintained 16 bedroom, 7 half bath, 6 shower, 2 kitchen rental is located 3 blocks from the UW campus along greek row. Plenty of transit options. Alley accessed off street parking stalls for 5 vehicles. Walk score of 87. Leased for $12,000/month through 8/15/23. Tenant pays all utilities. 4.72% Cap Rate. Prior to Covid rents were $13,600/month (5.43% Cap) with plans to increase to $14,400/month (5.79% Cap) summer of 2020. Newer roof, sewer line, water heaters, furnaces, & commercial grade carpet (see supplements). Rare U-District rooming house investment opportunity.

About This Property

Listing ID1917096
Price$2,700,000
StatusActive
SqFt 4,850
Acres 0.149
CountyKing
SubdivisionUniversity District
Year Built1911
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision University District
Year Built 1911
Building Area Units Square Feet
Flooring Vinyl, Carpet
Furnished Unfurnished
Heating Cooling Type 90%+ High Efficiency, Forced Air
Interior Features Forced Air, High Efficiency - 90%+, Wall to Wall Carpet
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Wood
Foundation Details Poured Concrete
Lot Features Alley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Square Feet 6480
Lot Size Units Square Feet
MLS Lot Size Source Public Records
Number Of Units Total 1
Open Parking Spaces 5
Parking Total 5
Parking Uncovered Spaces 5
Roof Composition
Sewer Sewer Connected
Sewer Company Seattle Public Utilities
Structure Type Duplex
Style Code 52 - Duplex
Units Below Grade true
Utilities Cable Connected, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company Seattle Public Utilities
Water Source Public
Building Area Total 4850
Country US
Elementary School Laurelhurst
High School Roosevelt High
High School District Seattle
Middle Or Junior School Eckstein Mid
MLS Area Major 710 - North Seattle
View Territorial
Waterfront no
Zoning Class Residential
Zoning Jurisdiction City
Amenities Basement
Effective Year Built Source Public Records
First Right Of Refusal no
Green Energy Efficient High Efficiency - 90%+
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Residential
Power Company Seattle City Light
Power Production Type Electric, Natural Gas
Preliminary Title Ordered yes
Site Features Cable TV, Deck, Gas Available
Year Built Effective 1985
Cap Rate 4.72
Gross Adjusted Income 144000
Gross Rent Multiplier 18.75
Gross Scheduled Income 144000
Insurance Expense 1600
Leasable Area 4850
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 127415
Other Expense 1800
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 13184.27
Tax Year 2022
Total Expenses 16584.27
Total Monthly Income 12000

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5201 19th Avenue NE Seattle, WA 98105

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