Seattle,
Washington WA98102
Positioned in Capitol Hill, Whittier Hall is blocks to the Harvard-Belmont Landmark District and within walking distance of Volunteer Park, Cal Anderson Park, and the vibrant retail corridors of Broadway and 15th Ave E. Downtown and SLU, with their prestigious/high-paying tech employers are also a mile away. The 9 units offer a new investor the likely opportunity for upside (raised rents, increased charges for utilities, parking, and storage). The property’s MR (M) zoning within an Urban Center allows for the construction of a 2nd 80-foot-tall building with no parking. Desirable features including 6 garage parking spaces and attractive/unique 1920s aesthetics. Buyer to verify all information pertaining to upside and development potential.
Listing ID1927891
Sold For$2,837,500
StatusClosed
Sold Date6/22/2022
SqFt
7,190
Acres
0.165
CountyKing
SubdivisionCapitol Hill
Year Built1928
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Capitol Hill
Year Built
1928
Building Area Units
Square Feet
Flooring
Ceramic Tile, Concrete, Hardwood, Laminate, Vinyl
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Interior Features
Ceramic Tile, Concrete, Hardwood, Laminate Tile
Living Area Units
Square Feet
Stories Total
3
Covered Spaces
6
Elevation Units
Feet
Exterior Features
Brick
Foundation Details
Poured Concrete
Lot Features
Alley, Curbs, Paved, Sidewalk
Lot Size Square Feet
7200
Lot Size Units
Square Feet
MLS Lot Size Source
County Records
Number Of Units Total
9
Parking Total
6
Roof
Composition
Sewer
Sewer Connected
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
9
Utilities
Sewer Connected, Electricity Available
Water Sewer Garbage
13927
Water Source
Public
Building Area Total
7190
Building Name
Whittier Hall
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
Coin Op Laundry,Storage
Effective Year Built Source
Public Records
First Right Of Refusal
no
Mls Status
Sold
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
Fenced-Partially
Year Built Effective
1991
Buyer Financing
Not Disclosed
Cap Rate
3.3
Gross Adjusted Income
170769
Gross Rent Multiplier
16
Gross Scheduled Income
179757
Insurance Expense
2765
Leasable Area
6200
Leasable Area Units
Square Feet
Leased Items
Washer/Dryer
Net Operating Income
95123
Other Expense
32187
Possession
Closing, Tenant's Rights
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
26767
Tax Year
2022
Total Expenses
75646
Total Monthly Income
14980
Vacancy Rate
5
510 Bellevue Avenue E Seattle, WA 98102
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. © 2023 NWMLS. All rights reserved. Data last updated: Sunday, March 26th, 2023 07:14:44 AM.
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Closed Listing courtesy of Kidder Mathews
Listing sold by Kidder Mathews
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Closed Listing courtesy of Kidder Mathews
Listing sold by Kidder Mathews