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
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


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. © 2022 NWMLS. All rights are reserved. Data last updated: Wednesday, August 17th, 2022 02:47:36 AM.

Schedule a Showing - Listing ID 1950393

Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property. For more immediate assistance, please call WPI Real Estate at 206.522.8172.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Data services provided by IDX Broker
{"page":"listing","idxID":"b045","listingID":"1950393","extra":"","printable":"","type":"scheduleshowing"}
https://wpirealestate.com
details.php
https://search.wpirealestate.com
details