Active
$13,000,000
Price
41,452
SqFt
41,452
SqFt

901 6th Avenue

Seattle, Washington WA98199

The Dover, a 60-unit apartment positioned at the cusp of First Hill & Seattle’s Core. Within walking dist to the Waterfront, Central Library & Medical Center. Constructed in 1907, the Dover consist of 27 studios, 17 1-bedrooms & 16 2-bedrooms, 9 of which feat a bonus room. Most units feat restored hardwood floors, granite counters & bay windows, updated cabinetry, gas appliances & tile flooring in kitchens & bath areas. The building received extensive seismic work, dbl pane vinyl windows, PEX plumbing, elec. The Dover provides an opportunity to participate in upside potential through inc rents, & managerial efficiencies. Addl upside may be realized through value-add renovations embellishing the building’s turn of the century charm

About This Property

Listing ID1950393
Price$13,000,000
StatusActive
SqFt 41,452
Acres 0.165
CountyKing
SubdivisionDowntown
Year Built1907
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Downtown
Year Built 1907
Building Area Units Square Feet
Flooring Ceramic Tile, Hardwood
Furnished Unfurnished
Heating Cooling Type Baseboard, Radiant
Interior Features Ceramic Tile, Hardwood
Living Area Units Square Feet
Stories Total 6
Elevation Units Feet
Exterior Features Brick
Foundation Details Poured Concrete
Lot Size Square Feet 7200
Lot Size Units Square Feet
MLS Lot Size Source Parcel Viewer
Number Of Units Total 60
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 60
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Water Sewer Garbage 68308
Building Area Total 41452
Country US
High School District Seattle
MLS Area Major 701 - Belltown/Downtn
Waterfront no
Zoning Class Multi-Family
Zoning Jurisdiction City
Amenities Basement,Coin Op Laundry,Elevator,Fire Sprinklers,Thermal Windows
Effective Year Built Source Public Records
First Right Of Refusal no
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller will review offers on Offer Review Date (may review/accept sooner)
Possible Use Multi-Family
Power Production Type Electric, Natural Gas
Preliminary Title Ordered yes
Year Built Effective 1984
Cap Rate 4.44
Gross Adjusted Income 925100
Gross Rent Multiplier 14
Gross Scheduled Income 988944
Insurance Expense 16439
Leasable Area 26821
Leasable Area Units Square Feet
Leased Items Water Tank
Net Operating Income 577099
Other Expense 156003
Possession Closing
Sale Type MLS
Seller Disclosure Provided
Special Listing Conditions None
Tax Annual Amount 107251
Tax Year 2022
Total Expenses 348001
Total Monthly Income 925100
Vacancy Rate 6

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901 6th Avenue Seattle, WA 98199

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