823 Nob Hill Ave N, Seattle, WA 98109

$1,495,000
2,382
SqFt

Listing courtesy of Lee & Associates Commercial RE.

List Price
$1,495,000
Status
ACTIVE
MLS#
1638605
Days on Market
7
Style
54 - 4-Plex
Finished SqFt
2,382
Lot Size (sq ft)
2,064

Property Description

This Lower QA building consists of 4 spacious 1-bedroom units with views of the Space Needle, a garage plus add'l off-street spot. Tenants enjoy a side yard & a large south facing deck. All units updated with new LVT flooring, paint, bathroom fixtures, kitchen surfaces & are fully furnished. The building feats. building wide Wifi & smart locks for keyless entry. Excellent opportunity to own 4 stabilized updated units within walking distance of major employers & downtown Seattle.

Additional Information

List Date
2020-07-30 00:00:00
Community
Queen Anne
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional, FHA
Year Built
1986
Total Parking
2
Uncovered Parking
1
Exterior
Wood Products
Roof
Flat
Site Features
Deck, High Speed Internet
Lot Details
Corner Lot
School District
Seattle
Total Monthly Income
$6,970
Gross Scheduled Income
$83,640
Vacancy Rate
5
Gross Adjusted Income
$79,458
Annual Taxes
$12,153
Tax Year
2020
Insurance Expense
$2,106
W/S/G Expenses
$4,000
Total Expenses
$19,198
Net Operating Income
$60,260
Gross Rent Multiplier
19
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
577
Unit 1 Rent
$1,600
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
689
Unit 2 Rent
$1,850
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
611
Unit 3 Rent
$1,750
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
523
Unit 4 Rent
$1,500
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