Valentine Terrace

1524 14th Ave S Seattle WA 98144

Listing #: 593773 | Status: Sold | Closing Date: 04/26/2018 | Last Modified: 5/7/2018 |

For Sale

1524 14th Ave S Seattle WA 98144

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Ian Brown

(206) 505-9414
ian@westlakeassociates.com

Westlake Associates, Inc.

(206) 505-9400

Listing Information
Price
Listing Price$ 1,650,000
$/SF$ 523.48
$/Unit$ 550,000.00
Listing StatusSold
Days On Market89
Asset ClassMulti-Family
Closed Sales Only
Actual Sold Price$ 1,625,000
$/SF$ 515.55
Closing Date04/26/2018
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 85,800
Vacancy Factor %3.00%
Operating Expenses$ 16,969
Net Operating Income$ 66,257
CAP Rate4.02 %
GRM19.23
Multi-Family Asset Class General Information
Num of Units w/Patios3
Num of Units w/Fireplaces3
Annual Expense Information
Expense Year2017
Real Estate Taxes$ 9,510
+Insurance$ 2,088
+Water/Sewer$ 205
+Prof. Mgr$ 360
+Maintenance$ 3,306
+Other Expenses$ 1,500
=Total Exp.$ 16,969
Annual Operating Information
Gross Sch Rents$ 85,800.00
Vacancy %3.00%
+Laundry Income$ 0
+Parking Income$ 0
+Other Income$ 50
=Effective Gross$ 83,276
-Total Expenses$ 16,969
=NOI$ 66,307
Financial Summary
CAP Rate4.02 %
GRM$ 19.23
$/Unit$ 550,000.00
Expense/Unit$ 5,656.33
Asset Class Information
# Units Beds/Baths Avg SqFT
2 3Bed/1.5Bath 868
1 Other 1416
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors4
# of Units3
Total Building Sq/ft3,152
Net Rentable Area3,152
Lot Sq/ft4,400
Acres0.1
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyKing
Market AreaS. Seattle
Tax ID #8850000045
Construction
Year Built1909

Public Comments: Do not disturb tenants. Call Listing Agent to schedule a tour and for details.

Showing Instructions: Do not disturb tenants. Call Listing Agent to schedule a tour and for details.

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