629 12th Ave E

    Seattle, WA 98102
    • $2,895,000
    • STATUS: Active
    • ON SITE: 150 days
    • ID#: 1538545
    UPDATED: 72 min ago
    $2,895,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,350
      SQFT
    • $541
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Venture Real Estate Group Llc.

    Description

    Value add opportunity with city views on tree lined quiet street in one of the best locations in upper Capitol Hill neighborhood two blocks from Volunteer Park & Seattle Asian Art Museum, highly desirable 9 unit two building layout which is easily rented for top dollar. Valuable LR3 zoning & located within the Urban Center designation, making it a rare opportunity for current strong demand and growth, as well as future expansion. In City location, close to downtown, UW, and I5 (Buyer to verify)

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Snow Group at Keller Williams North Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-05T13:13:26.653.

    www.jeffsnowgroup.com/homes/100600043

    629 12th Ave E Seattle, WA 98102

    • Price: $2,895,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 1538545
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,350
    SQFT
    $541
    $/SQFT
    1922
    Built
    Neighborhood:
    Capitol Hill
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    Elementary School:
    Lowell
    Middle School:
    Meany Mid
    High School:
    Garfield High
    School District:
    Seattle
    Property Description
    Value add opportunity with city views on tree lined quiet street in one of the best locations in upper Capitol Hill neighborhood two blocks from Volunteer Park & Seattle Asian Art Museum, highly desirable 9 unit two building layout which is easily rented for top dollar. Valuable LR3 zoning & located within the Urban Center designation, making it a rare opportunity for current strong demand and growth, as well as future expansion. In City location, close to downtown, UW, and I5 (Buyer to verify)
    Exterior Features

    Carport Spaces 0 Exterior Wood Garage Spaces 0 Roof Composition Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 0 Uncovered Spaces 0 View City

    Interior Features

    Floor Covering HardwoodWall to Wall Carpet Heating And Cooling BaseboardForced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 675 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 675 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 675 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1000 Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 450 Unit6 Bathrooms 1.00 Unit6 Bedrooms 0 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 275 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.93 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 193515 Gross Rent Multiplier 15 Gross Scheduled Income 199500 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3962 Leased Items None Net Operating Income 142637 New Construction YN No Other Expenses 16252 Possession ClosingSub. Tenant's Rights Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 15963 Tax Year 2019 Terms Conventional Third Party Approval Required None Total Expenses EXP 50878 Total Expenses TEX 50878 Total Monthly Income 15780 Unit1 Monthly Rent 1900 Unit2 Monthly Rent 1900 Unit3 Monthly Rent 1900 Unit4 Monthly Rent 2285 Unit5 Monthly Rent 1350 Unit6 Monthly Rent 1250 Vacancy Rate 3 Water Sewer Garbage 12500 Water Source Public Zoning Jurisdiction See Remarks

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Snow Group at Keller Williams North Seattle and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Snow Group at Keller Williams North Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-05T13:13:26.653.

     
    The Snow Group at Keller Williams North Seattle
    10700 Meridian Ave N, Suite 504
    Seattle WA, 98133
    Listing Courtesy of Venture Real Estate Group Llc.