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
Show Map Link
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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