Active
$2,495,000
Price
5,500
SqFt
5,500
SqFt
116 14th Avenue E
Seattle, Washington WA98112
This 9 unit apartment complex is located in one of Seattle's most prominent neighborhoods, Capitol Hill. Capitol Hill includes a collection of boutique shops, bars, and restaurants that makes this area sought after. Boasting a walk score of 97 out of 100! The location is considered a walkers paradise. The location is steps away from the Light Rail Station that can take you to the University of Washington, University District, Downtown Seattle, and the SeaTac International Airport. Both Seattle Central College and Seattle University are within walking distance. The health care employment centers of Group Health and Swedish Hospital are also nearby. Tenant of the complex are a block away from Safeway Grocery and Cal Anderson Park.
About This Property
Listing ID1941548
Price$2,495,000
StatusActive
SqFt
5,500
Acres
0.110
CountyKing
SubdivisionCapitol Hill
Year Built1907
Property TypeResidential Income
Property Sub TypeMulti-Family
County
King
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Capitol Hill
Year Built
1907
Building Area Units
Square Feet
Flooring
Hardwood
Furnished
Unfurnished
Heating Cooling Type
Forced Air
Interior Features
Forced Air, Hardwood
Living Area Units
Square Feet
Stories Total
3
Elevation Units
Feet
Exterior Features
Wood
Foundation Details
Poured Concrete
Lot Features
Alley, Paved, Sidewalk
Lot Number
3 & 4
Lot Size Square Feet
4800
Lot Size Units
Square Feet
MLS Lot Size Source
Realist
Number Of Units Total
9
Roof
Composition
Sewer
Sewer Connected
Sewer Company
Seattle Public Utilities
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
true
Units In Building Total
9
Utilities
Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
Water Company
Seattle Public Utilities
Water Sewer Garbage
12900
Water Source
Community
Block
41
Building Area Total
5500
Building Name
Nagle's Add. to C/Sea
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
View
City
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Basement,Coin Op Laundry,Storage
Effective Year Built Source
Public Records
First Right Of Refusal
no
Mls Status
Active
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Company
Seattle Public Utilities
Power Production Type
Electric, Natural Gas
Preliminary Title Ordered
yes
Property Condition
Average
Show Map Link
yes
Site Features
Deck, Fenced-Partially, Gas Available, Rooftop Deck
Year Built Effective
1994
Cap Rate
3.71
Electric Expense
2600
Fuel Expense
1500
Gross Adjusted Income
150078
Gross Rent Multiplier
16.31
Gross Scheduled Income
150078
Insurance Expense
6459
Leasable Area
5500
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
124695
Other Expense
500
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
25466
Tax Year
2022
Total Expenses
49425
Total Monthly Income
13150
Vacancy Rate
2
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116 14th Avenue E Seattle, WA 98112
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