525 E Roy Street

Seattle, Washington WA98102

525 E Roy Street is within walking distance of Volunteer & Cal Anderson Parks and the abundance of shops & restaurants along the retail corridors of Broadway & `15th Ave E. Also within walking distance are Downtown Seattle & SLU, with their employment & entertainment options. Comprised of 11 apartments, this property offers an investor the opportunity to acquire a turnkey asset with stable cash flow & the likely potential for upside in the form of charging tenants for parking & raising rents upon turnover. With a remarkable unit mix of 5 one-bedroom units, 5 two-bedroom homes & a single studio, combined with the property's substantial upgrades to plumbing, electrical & unit interiors, 525 E Roy will be an excellent acquisition.

About This Property

Listing ID1975560
SqFt 9,986
Acres 0.127
SubdivisionCapitol Hill
Year Built1957
Property TypeResidential Income
Property Sub TypeMulti-Family
County King
Property Sub Type Multi-Family
Property Type Residential Income
Subdivision Capitol Hill
Year Built 1957
Building Area Units Square Feet
Furnished Unfurnished
Heating Cooling Type Baseboard
Living Area Units Square Feet
Stories Total 3
Elevation Units Feet
Exterior Features Metal/Vinyl
Lot Features Corner Lot, Curbs, Paved, Sidewalk
Lot Size Square Feet 5520
Lot Size Units Square Feet
MLS Lot Size Source County Records
Number Of Units Total 11
Open Parking Spaces 6
Parking Total 6
Parking Uncovered Spaces 6
Roof Flat
Sewer Sewer Connected
Structure Type Multi Family
Style Code 56 - 10+ Units
Units Below Grade false
Units In Building Total 11
Utilities Sewer Connected, Electricity Available
Water Sewer Garbage 15175
Water Source Public
Building Area Total 9986
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, Lake, Partial
Waterfront no
Zoning Class Multi-Family
Amenities Storage,Thermal Windows
Green Energy Efficient Thermal Windows
Mls Status Active
Offers Seller intends to review offers upon receipt
Possible Use Multi-Family
Power Production Type Electric
Preliminary Title Ordered yes
Site Features Fenced-Partially, Gated Entry
Cap Rate 4.14
Gross Adjusted Income 250830
Gross Rent Multiplier 15
Gross Scheduled Income 264031
Insurance Expense 2781
Leasable Area 7545
Leasable Area Units Square Feet
Leased Items None
Net Operating Income 160616
Other Expense 38298
Possession Closing, Tenant's Rights
Sale Type MLS
Seller Disclosure Not Provided
Special Listing Conditions None
Tax Annual Amount 33959
Tax Year 2022
Total Expenses 90213
Total Monthly Income 22003
Vacancy Rate 5

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525 E Roy Street Seattle, WA 98102

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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 reserved. Data last updated: Monday, August 8th, 2022 09:02:50 PM.
Active Listing courtesy of Kidder Mathews
Active Listing courtesy of Kidder Mathews
Active Listing courtesy of Kidder Mathews
Data services provided by IDX Broker