Seattle,
Washington WA98109
: 6-unit turn key apartment in Georgetown. Jackson went through a full studs out renovation with new interiors, systems, roof and windows. This is a legacy asset with true pride of ownership on a corner lot with parking in Georgetown. Financials are PROFORMA.
Listing ID2046435
Sold For$1,600,000
StatusClosed
Sold Date6/12/2023
SqFt
3,900
Acres
0.203
CountyKing
SubdivisionGeorgetown
Year Built1930
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Georgetown
Year Built
1930
Building Area Units
Square Feet
Flooring
Hardwood, Vinyl
Furnished
Unfurnished
Interior Features
Hardwood
Living Area Units
Square Feet
Stories Total
2
Elevation Units
Feet
Exterior Features
Brick
Foundation Details
Poured Concrete
Lot Size Dimensions
8848
Lot Size Square Feet
8848
Lot Size Units
Square Feet
MLS Lot Size Source
KCPV
Number Of Units Total
6
Parking Total
9
Roof
Flat
Sewer
Sewer Connected
Sewer Company
SPU
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
6
Water Company
SPU
Water Sewer Garbage
3620
Building Area Total
3900
Country
US
High School District
Seattle
MLS Area Major
380 - Southeast Seattle
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Basement
Effective Year Built Source
Public Records
First Right Of Refusal
no
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Possible Use
Multi-Family
Power Company
PSE
Power Production Type
Electric
Preliminary Title Ordered
yes
Property Condition
Very Good
Show Map Link
yes
Year Built Effective
2017
Buyer Financing
Cash
Cap Rate
5
Electric Expense
3621
Fuel Expense
3621
Gross Adjusted Income
128370
Gross Rent Multiplier
20
Gross Scheduled Income
123300
Insurance Expense
2400
Leasable Area
3900
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
84518
Other Expense
17986
Possession
Closing
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
12604
Tax Year
2023
Total Expenses
43852
Total Monthly Income
10278
Vacancy Rate
4
6202 Carleton Avenue S Seattle, WA 98109
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#IDX-primaryPhoto,#idx-details-headerClosed
Closed Listing courtesy of Kidder Mathews
Listing sold by Kidder Mathews
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Closed Listing courtesy of Kidder Mathews
Listing sold by Kidder Mathews