Seattle,
Washington WA98109
This low rise view property on Queen Anne has two structures on one large developable tax parcel. The Newton St building has 5 units - all 1BD/1BTH, 558-561 SqFt units. The Taylor Ave building has 6 units - two Studio units at 473 SqFt and four 1BD/1BTH, 595 - 665 SqFt units. The current owner has provided rent increase notices to some of the units that will be effective November 1st, see rent roll page for current lease breakdown. Seller Financing of 25% down interest only may be available for well-qualified buyers. Additional address is 1921 Taylor Avenue N.
Listing ID1983509
Sold For$3,200,000
StatusClosed
Sold Date9/12/2022
SqFt
6,208
Acres
0.164
CountyKing
SubdivisionQueen Anne
Year Built1950
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Queen Anne
Year Built
1950
Building Area Units
Square Feet
Furnished
Unfurnished
Heating Cooling Type
Baseboard
Living Area Units
Square Feet
Stories Total
3
Elevation Units
Feet
Exterior Features
Wood
Lot Size Square Feet
7136
Lot Size Units
Square Feet
MLS Lot Size Source
King County
Number Of Units Total
11
Roof
Composition
Sewer
Sewer Connected
Structure Type
Multi Family
Style Code
56 - 10+ Units
Units Below Grade
true
Units In Building Total
11
Utilities
Sewer Connected, Electricity Available
Water Sewer Garbage
17725
Building Area Total
6208
Country
US
High School District
Seattle
MLS Area Major
700 - Queen Anne/Magno
Waterfront
no
Offers
Seller intends to review offers upon receipt
Power Production Type
Electric
Preliminary Title Ordered
yes
Show Map Link
yes
Buyer Financing
Not Disclosed
Cap Rate
4
Common Interest
Multi-Family
Gross Adjusted Income
196600
Gross Rent Multiplier
15.3
Gross Scheduled Income
202680
Insurance Expense
5500
Leasable Area
6208
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
124129
Other Expense
23232
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
26013
Tax Year
2022
Total Expenses
72470
Total Monthly Income
16890
Vacancy Rate
3
517 Newton Street Seattle, WA 98109
Based on information submitted to the MLS GRID as of Thursday, March 28th, 2024 05:49:07 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
#IDX-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of Paragon Real Estate Advisors
Listing sold by Paragon Real Estate Advisors
#IDX-listingMediaLinksClosed
Closed Listing courtesy of Paragon Real Estate Advisors
Listing sold by Paragon Real Estate Advisors