1421 2nd Street N Unit #1-12, Seattle, WA 98109
- $4,970,000
Listing courtesy of Kidder Mathews.
- List Price
- $4,970,000
- Status
- ACTIVE
- MLS#
- 2163542
- Days on Market
- 3
- 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
- 2023-09-19 19:33:10
- Community
- Queen Anne
- Net Operating Income
- $254,509
- Gross Adjusted Income
- $340,485
- Gross Scheduled Income
- $358,406
- Total Monthly Income
- $29,867
- Insurance Expenses
- $4,392
- Water/Sewer/Garbage Expenses
- $12,722
- Gross Rent Multiplier
- 13.9
- Total Expenses
- $85,977
- Cap Rate
- 5.1
- 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
- $29,867
- Gross Scheduled Income
- $358,406
- Vacancy Rate
- 5
- Gross Adjusted Income
- $340,485
- Tax Year
- 2023
- Insurance Expense
- $4,392
- W/S/G Expenses
- $12,722
- Total Expenses
- $85,977
- Net Operating Income
- $254,509
- Gross Rent Multiplier
- 13.9
- Cap Rate
- 5.1
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