1421 2nd Street N Unit #1-12, Seattle, WA 98109
- $4,400,000
Listing courtesy of Kidder Mathews. Selling Office: Redfin.
- Sold Price
- $4,400,000
- List Price
- $4,650,000
- Status
- SOLD
- MLS#
- 2163542
- Closing Date
- Jan 09, 2024
- Days on Market
- 63
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 31644
- Lot Size (sq ft)
- 8,500
- Sewer
- Sewer Connected
Property Description
Located at the top of Queen Anne Hill just blocks from the vibrant commercial corridor of Queen Anne Avenue N, 1421 on Queen Anne is a charming, 1910-vintage classic brick-veneer apartment building. 1421 on Queen Anne has already undergone major systems updates including tuck pointing, plumbing, new electrical strike and major upgrade, double-pane vinyl windows, in-unit laundry in 8 units, and a new torch down roof. Additionally, 7 of the 12 units have been or are in the process of being fully remodeled with updated baths and kitchens, 1 of the 12 is brand new, and 2 are partially remodeled. The property is situated on a tree-lined street in a high-end neighborhood of single-family homes and condominiums.
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Additional Information
- List Date
- 2023-11-07 00:00:00
- Community
- Queen Anne
- Net Operating Income
- $245,389
- Gross Adjusted Income
- $331,365
- Gross Scheduled Income
- $348,806
- Total Monthly Income
- $29,067
- Insurance Expenses
- $4,392
- Water/Sewer/Garbage Expenses
- $12,722
- Gross Rent Multiplier
- 13.3
- Total Expenses
- $85,977
- Cap Rate
- 5.3
- Vacancy Rate
- 5
- Total Number of Units
- 12
- Unit Name
- 1421
- Potential Terms
- Assumable, Cash Out, Conventional
- Year Built
- 1910
- Roof
- Flat, Torch Down
- Site Features
- Fenced-Partially
- Other Expenses
- 37219
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- John Hay Elementary
- Middle School
- Mc Clure Mid
- High School
- Lincoln High
- Total Monthly Income
- $29,067
- Gross Scheduled Income
- $348,806
- Vacancy Rate
- 5
- Gross Adjusted Income
- $331,365
- Tax Year
- 2023
- Insurance Expense
- $4,392
- W/S/G Expenses
- $12,722
- Total Expenses
- $85,977
- Net Operating Income
- $245,389
- Gross Rent Multiplier
- 13.3
- Cap Rate
- 5.3
Based on information submitted to the MLS GRID as of . 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.