938 10th Avenue E  1-6

Seattle, Washington WA98102

The Villa townhome apartments are located close to Volunteer Park and blocks from Capitol Hill's entertainment and cultural offerings on Broadway. Each townhome offers a private entry, renovated kitchens, updated bathrooms and a private back patio. The penthouse flats feature vaulted ceilings, contemporary finishes, exterior balconies, large windows and complete privacy. The building itself offers storage lockers, garages, mostly upgraded electrical and plumbing systems and a newer roof (5 years old). The property has easy access to SLU, downtown and the UW. With a historical record of near 100% occupancy and full collections since January 2020, the Villa offers a secure investment at a 4.4% caprate on current income and expense.

About This Property

Listing ID1920746
SqFt 5,440
Acres 0.094
SubdivisionNorth Capitol Hill
Year Built1953
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision North Capitol Hill
Year Built 1953
Building Area Units Square Feet
Flooring Ceramic Tile, Hardwood, Vinyl, Vinyl Plank
Furnished Unfurnished
Heating Cooling Type Forced Air
Interior Features Forced Air, Ceramic Tile, Hardwood
Living Area Units Square Feet
Stories Total 3
Covered Spaces 2
Elevation Units Feet
Exterior Features Stone, Wood
Lot Features Curbs, Paved, Sidewalk
Lot Size Square Feet 4100
Lot Size Units Square Feet
MLS Lot Size Source county records
Number Of Units Total 6
Parking Total 2
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 55 - 5-9 Units
Units Below Grade false
Units In Building Total 6
Utilities High Speed Internet, Sewer Connected, Electricity Available
Water Sewer Garbage 10441
Water Source Public
Building Area Total 5440
Building Name Villa Apartments
Country US
Elementary School Lowell
High School Garfield High
High School District Seattle
Middle Or Junior School Meany Mid
MLS Area Major 390 - Central Seattle
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Basement,Fire Sprinklers,Storage,Thermal Windows
Effective Year Built Source Public Records
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Site Features Deck, High Speed Internet, Patio
Year Built Effective 2016
Cap Rate 4.4
Gross Adjusted Income 226309
Gross Rent Multiplier 16
Gross Scheduled Income 235738
Insurance Expense 2161
Leasable Area 4710
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 164695
Other Expense 30332
Possession Closing
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 18679
Tax Year 2022
Total Expenses 61613
Total Monthly Income 19645
Vacancy Rate 4

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938 10th Avenue E #1-6 Seattle, WA 98102

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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. © 2022 NWMLS. All rights reserved. Data last updated: Saturday, May 28th, 2022 08:05:59 AM.
Active Listing courtesy of Kidder Mathews
Active Listing courtesy of Kidder Mathews
Active Listing courtesy of Kidder Mathews
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