Active
$3,950,000
Price
9,986
SqFt
9,986
SqFt
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
Price$3,950,000
StatusActive
SqFt
9,986
Acres
0.127
CountyKing
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
Show Map Link
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
Schedule a Showing - Listing ID 1975560
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525 E Roy Street Seattle, WA 98102
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