718 27th Ave

    Seattle, WA 98122
    • $3,150,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: 1264293
    UPDATED: 123 min ago
    $3,150,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,807
      SQFT
    • $358
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Savvy Lane Inc.

    Description

    Value add opportunity directly in path of progress. 9 unit complex of 4 buildings built in 1905. Completely renovated in 1966 for effective yr built of 1966. New roof 7 and 10 years ago. Low maintenance aluminum/vinyl siding. 100% copper plumbing. Updated electrical. Mixed aluminum/vinyl dual pane windows. Rents are 21% below market($1.67/SF). Market rent($2.11/SF plus). Renovate units and achieve rents at $2.50/SF plus. 9000 SF lot zoned LR2 located in Urban Center Village. Development upside.

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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 Commencement Bay Brokers are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-24T00:19:10.12.

    www.tacomarealestatesearch.com/homes/82032982

    718 27th Ave Seattle, WA 98122

    • Price: $3,150,000
    • Status: Active
    • Updated: 123 min ago
    • ID#: 1264293
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    8,807
    SQFT
    $358
    $/SQFT
    1966
    Built
    Neighborhood:
    Seattle
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Seattle
    Property Description
    Value add opportunity directly in path of progress. 9 unit complex of 4 buildings built in 1905. Completely renovated in 1966 for effective yr built of 1966. New roof 7 and 10 years ago. Low maintenance aluminum/vinyl siding. 100% copper plumbing. Updated electrical. Mixed aluminum/vinyl dual pane windows. Rents are 21% below market($1.67/SF). Market rent($2.11/SF plus). Renovate units and achieve rents at $2.50/SF plus. 9000 SF lot zoned LR2 located in Urban Center Village. Development upside.
    Exterior Features

    Carport Spaces 0 Exterior Metal/Vinyl Garage Spaces 0 Lot Details AlleyPaved StreetSidewalkValue In Land Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 0 Uncovered Spaces 0

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 585 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 4 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1000 Unit2 Washer Dryer N Unit3 Bathrooms 1.50 Unit3 Bedrooms 4 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1100 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 719 Unit4 Washer Dryer N Unit5 Bathrooms 2.00 Unit5 Bedrooms 3 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1268 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 3 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 988 Unit6 Washer Dryer N Units Below Grade Y

    Property Features

    Bank Owned No Cap Rate 4.20 Electrical Expenses 597 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 173916 Gross Rent Multiplier 18 Gross Scheduled Income 179220 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4998 Leased Items None Net Operating Income 131567 New Construction YN No Other Expenses 3538 Possession Sub. Tenant's Rights Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 18289 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 42349 Total Expenses TEX 42349 Total Monthly Income 200 Unit1 Monthly Rent 995 Unit2 Monthly Rent 1850 Unit3 Monthly Rent 1850 Unit4 Monthly Rent 1495 Unit5 Monthly Rent 2000 Unit6 Monthly Rent 1400 Vacancy Rate 3 Water Sewer Garbage 14927 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 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 Commencement Bay Brokers 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 Commencement Bay Brokers are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-24T00:19:10.12.

     
    Commencement Bay Brokers
    711 Pacific Ave
    Tacoma WA, 98402
    Listing Courtesy of Savvy Lane Inc.