Seattle,
Washington WA98109
Gorgeous 7-Unit 50's apartment building for sale with stunning 1,600 sf 3bd/2ba penthouse with panoramic view. Structure is wood frame with brick veneer. 68 steps lead through an overhang of trees to Queen Anne Avenue North. Zoning is LR1 (M). Lot size is 4,738sf (50 x 94.79) and does not include the parking along Galer Street, the sidewalk, or a portion of the north lawn area.
Listing ID2073562
Sold For$2,250,000
StatusClosed
Sold Date7/13/2023
Acres
0.109
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
Living Area Units
Square Feet
Stories Total
3
Covered Spaces
1
Elevation Units
Feet
Exterior Features
Brick
Lot Size Square Feet
4738
Lot Size Units
Square Feet
MLS Lot Size Source
Title Report
Number Of Units Total
7
Roof
Flat
Sewer
Sewer Connected
Structure Type
Multi Family
Style Code
55 - 5-9 Units
Units Below Grade
false
Units In Building Total
7
Water Sewer Garbage
9216
Country
US
Elementary School
Seattle Public Sch
High School District
Seattle
MLS Area Major
700 - Queen Anne/Magnolia
Waterfront
no
Zoning Class
Multi-Family
Zoning Jurisdiction
City
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 Production Type
Electric
Preliminary Title Ordered
yes
Show Map Link
yes
Year Built Effective
1989
Buyer Financing
Cash
Cap Rate
3.37
Gross Adjusted Income
132696
Gross Rent Multiplier
18.76
Gross Scheduled Income
138600
Insurance Expense
4953
Leasable Area
5998
Leasable Area Units
Square Feet
Leased Items
Water Tank
Net Operating Income
42175
Other Expense
4523
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
23483
Tax Year
2023
Total Expenses
42175
Total Monthly Income
11550
Vacancy Rate
3
33 Galer Street Seattle, WA 98109
Based on information submitted to the MLS GRID as of Saturday, March 23rd, 2024 10:36:18 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 Capstone Commercial
Listing sold by John L. Scott, Inc.
#IDX-listingMediaLinksClosed
Closed Listing courtesy of Capstone Commercial
Listing sold by John L. Scott, Inc.