The Edge

2515 Thorndyke Ave W Seattle WA 98199

Listing #: 583099 | Status: Sold | Closing Date: 07/17/2017 | Last Modified: 7/17/2017 |

For Sale

2515 Thorndyke Ave W Seattle WA 98199

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Casey Zejdlik

(206) 566-6599
casey@pilotnw.com

Jason Kono

(206) 566-6595
jason@pilotnw.com

Pilot Ventures

(206) 566-6600

Listing Information
Price
Listing Price$ 4,550,000
$/SF$ 469.80
$/Unit$ 350,000.00
Listing StatusSold
Days On Market135
Asset ClassMulti-Family
Closed Sales Only
Actual Sold Price$ 4,350,000
$/SF$ 430.95
Closing Date07/17/2017
Selling BrokerMace Erickson
Selling OfficeWestlake Associates, Inc. (926200)
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 305,520
Vacancy Factor %4.00%
Operating Expenses$ 74,697
Net Operating Income$ 218,602
CAP Rate4.8 %
GRM16.81
Annual Expense Information
Expense Year2016
+Personal Prop Taxes$ 21,835
+Account/Legal$ 1,607
+Advertising$ 0
+Insurance$ 3,111
+Electricity$ 0
+Water/Sewer$ 13,622
+Trash$ 0
+Prof. Mgr$ 14,220
+Res. Mgr$ 6,250
+Maintenance$ 10,477
+Other Expenses$ 3,575
=Total Exp.$ 74,697
Annual Operating Information
Gross Sch Rents$ 270,600.00
Vacancy %4.00%
+Laundry Income$ 0
+Advertising$ 0
+Parking Income$ 18,000
+Other Income$ 16,920
=Effective Gross$ 305,520
-Total Expenses$ 74,697
=NOI$ 230,823
Financial Summary
CAP Rate4.8 %
GRM$ 16.81
$/Unit$ 350,000.00
Expense/Unit$ 5,745.92
Approx $/SF$ 469.80
Asset Class Information
# Units Beds/Baths Avg SqFT
8 1Bed/1Bath 677
5 2Bed/1Bath 857
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors3
# of Units13
Total Building Sq/ft10,094
Net Rentable Area9,685
Lot Sq/ft10,890
Acres0.25
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Market AreaQueen Anne/Magnolia
Tax ID #2771600575
ZoningLR3
Parking Information
# Covered Spaces10
# Uncovered Spaces10
Total Parking Spots20
Construction
Year Built1959
Year Renovated2016
Construction TypeBrick, Wood

The Edge

Public Comments: Please view with discretion and contact Listing Broker with questions.

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