For more information on this property, contact WPI Real Estate at 206.522.8172 or info@wpirealestate.com

600 W Crockett Street
Seattle, Washington WA 98119
Sold For: $5,200,000
Listing ID 2016317
Status Closed
Sold Date 2/01/2023
SqFt 13,116
Acres 0.165
Subdivision Queen Anne
Year Built 1906

Property Description:

Do not disturb tenants. $204,167/Unit. 18 Apartments and 6 Commercial Tenants located in high end residential neighborhood on Top of Queen Anne Hill with significant upside. Property has been meticulously maintained and updated over the years with Era appropriate molding, fixtures and should not be street appraised. The building was built in 1902 out of timber exclusively cut and milled from Queen Anne hill.

Primary Features

County: King
Property Sub Type: Multi-Family
Property Type: Residential Income
Subdivision: Queen Anne
Year Built: 1906

Interior

Building Area Units: Square Feet
Furnished: Unfurnished
Heating Cooling Type: Forced Air
Interior Features: Forced Air
Living Area Units: Square Feet
Stories Total: 2

External

Elevation Units: Feet
Exterior Features: Stone
Lot Size Square Feet: 7200
Lot Size Units: Square Feet
MLS Lot Size Source: King County
Roof: Torch Down
Sewer: Sewer Connected
Structure Type: Multi Family
Style Code: 56 - 10+ Units
Units Below Grade: false
Units In Building Total: 24
Water Sewer Garbage: 26809

Location

Building Area Total: 13116
Country: US
High School District: Seattle
MLS Area Major: 700 - Queen Anne/Magno
Waterfront: no

Additional

Mls Status: Sold
Offers: Seller intends to review offers upon receipt
Power Production Type: Electric
Preliminary Title Ordered: no

Financial

Buyer Financing: Not Disclosed
Cap Rate: 5.03
Gross Adjusted Income: 348069
Gross Rent Multiplier: 13.37
Gross Scheduled Income: 366389
Insurance Expense: 14308
Leasable Area: 13116
Leasable Area Units: Square Feet
Leased Items: None
Net Operating Income: 246278
Other Expense: 34272
Possession: Closing
Sale Type: MLS
Seller Disclosure: Not Provided
Special Listing Conditions: None
Tax Annual Amount: 26402
Tax Year: 2021
Total Expenses: 101791
Total Monthly Income: 30532
Vacancy Rate: 5

Zoning Info


Area Info


Based on information submitted to the MLS GRID as of Thursday, March 28th, 2024 01:10:53 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.

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