Capitol Hill 6-Plex

815 15th Ave E Seattle WA 98112

Listing #: 588851 | Status: Sold | Closing Date: 10/30/2017 | Last Modified: 10/30/2017 |

For Sale

815 15th Ave E Seattle WA 98112

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Drew Smith

(206) 910-6340
drew@urbanseattle.com

Urban Commercial Partners, LLC

(206) 325-9333

Listing Information
Price
Listing Price$ 1,799,000
$/SF$ 447.74
$/Unit$ 299,833.33
Listing StatusSold
Days On Market74
Asset ClassMulti-Family
Closed Sales Only
Actual Sold Price$ 1,799,000
$/SF$ 442.56
Closing Date10/30/2017
Selling BrokerJay Timpani
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 137,070
Vacancy Factor %0.03%
Operating Expenses$ 39,475
Net Operating Income$ 97,553
CAP Rate5.42 %
Financial Summary
CAP Rate5.42 %
$/Unit$ 299,833.33
Expense/Unit$ 6,579.17
Asset Class Information
# Units Beds/Baths Avg SqFT
3 1Bed/1Bath
1 2Bed/1Bath
2 2Bed/2Bath
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units6
# of Elevators0
Clearance Height Min0
Total Building Sq/ft4,065
Net Rentable Area4,018
Lot Sq/ft6,070
Acres0.14
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
VicinityCapitol Hill/Volunteer park
Cross Street15th Ave E
Market AreaCapitol Hill/First Hill
Tax ID #1337300110
ZoningSF5000
Parking Information
# Covered Spaces0
# Uncovered Spaces6
Total Parking Spots6
Parking Ratio0
Construction
Year Built1902
Year Renovated2001
Roof TypeComp
Construction TypeWood

Public Comments: 815 15th Ave E is a 6-unit apartment building in the heart of Capitol Hill. A great unit mix of three 1-bedroom and three 2-bedroom units, with 6 parking stalls and plenty if upside potential.

Showing Instructions: Do not disturb tenants. Please call Listing Broker.

Public Building Comments: Located in the Capitol Hill/Volunteer Park neighborhood. Very well maintained. Convenient to bus routs, local shops, services, restaurants and all levels of public and private schools. Each unit has a parking space which is accessed from the 14-foot wide alley plus plenty of on-street parking in front.

Listing Images

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