For more information on this property,
contact WPI Real Estate at 206.522.8172 or info@wpirealestate.com
901
6th Avenue,
Seattle,
Washington
WA
98199
Price: $13,000,000
Listing ID 1950393
Status Active
SqFt 41,452
Acres 0.165
Subdivision Downtown
Year Built 1907
Property Description:
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
Primary Features
County:
King
Property Sub Type:
Multi-Family
Property Type:
Residential Income
Subdivision:
Downtown
Year Built:
1907
Interior
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
External
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
Location
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
Additional
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
Show Map Link:
yes
Year Built Effective:
1984
Financial
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
Zoning Info
Area Info
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