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.
Listing ID1920746
Price$3,750,000
StatusActive
SqFt
5,440
Acres
0.094
CountyKing
SubdivisionNorth Capitol Hill
Year Built1953
Property TypeResidential Income
Property Sub TypeMulti-Family
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
Show Map Link
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
938 10th Avenue E #1-6 Seattle, WA 98102
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