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
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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