Seattle,
Washington WA98109
Location! Location! Location! On the market for the first time in 42 years, this offering presents an attractive opportunity to purchase 11 units on the south slope of Queen Anne. Built in 1964, the Hillside House Apts offers a nice mix of Studio and 1BD units, along with a stunning 2BD/1.5BTH Penthouse unit. The Penthouse unit would make for an amazing owner/occupant space with a huge private roof-top deck offering stunning views. The building offers copper plumbing, recently replaced individual hot water heaters, floor plans that maximize the views from the living areas, large windows that allow for an abundance of natural lighting, and 6 on-site parking spaces. Potential seller financing available to qualified buyers.
Listing ID2068367
Price$3,410,000
StatusActive
SqFt
6,600
Acres
0.138
CountyKing
SubdivisionQueen Anne
Year Built1964
Property TypeResidential Income
Property Sub TypeMulti-Family
Property Sub Type
Multi-Family
Property Type
Residential Income
Subdivision
Queen Anne
Year Built
1964
Building Area Units
Square Feet
Flooring
Laminate, Carpet
Furnished
Unfurnished
Interior Features
Laminate Hardwood, Wall to Wall Carpet
Living Area Units
Square Feet
Stories Total
4
Carport Spaces
4
Elevation Units
Feet
Exterior Features
Cement/Concrete
Foundation Details
Poured Concrete
Lot Size Square Feet
6000
Lot Size Units
Square Feet
MLS Lot Size Source
Public Record
Number Of Units Total
11
Open Parking Spaces
6
Parking Total
10
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
Water Sewer Garbage
9533
Water Source
Public
Building Area Total
6600
Country
US
High School District
Seattle
MLS Area Major
_700QueenAnneMagnolia
View
City, Sound
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
Amenities
Coin Op Laundry
First Right Of Refusal
no
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
Cap Rate
3.29
Gross Adjusted Income
174648
Gross Rent Multiplier
18.55
Gross Scheduled Income
183840
Insurance Expense
6379
Leasable Area
6600
Leasable Area Units
Square Feet
Leased Items
None
Net Operating Income
112027
Other Expense
19000
Possession
Closing, Tenant's Rights
Sale Type
MLS
Seller Disclosure
Not Provided
Special Listing Conditions
None
Tax Annual Amount
27709
Tax Year
2023
Total Expenses
62621
Total Monthly Income
15320
Vacancy Rate
5
15 Ward Street Seattle, WA 98109
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. © 2023 NWMLS. All rights reserved. Data last updated: Thursday, June 1st, 2023 08:29:43 PM.
#IDX-primaryPhoto,#idx-details-headerActive
Active Listing courtesy of Paragon Real Estate Advisors
Listing sold by
#IDX-listingMediaLinksActive
Active Listing courtesy of Paragon Real Estate Advisors
Listing sold by