1515 Bellevue Ave

    Seattle, WA 98122
    • $5,500,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 1252493
    UPDATED: 41 min ago
    $5,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,135
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    24 unit classic brick building located in the highly desirable Capitol Hill location. Building maintain its turn of the century charm with hardwood floors and oak details. Common laundry room, tenant storage lockers, partial plumbing upgrades and units are individually metered for electric. Fantastic views from upper units on the buildings west side. Upside potential in below market rents and unit renovations.

    Monthly Payment Calculator

    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 Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-27T09:14:51.62.

    www.pickettstreetproperties.com/homes/81284042

    1515 Bellevue Ave Seattle, WA 98122

    • Price: $5,500,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 1252493
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    13,135
    SQFT
    $419
    $/SQFT
    1925
    Built
    Neighborhood:
    Capitol Hill
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    School District:
    Republic
    Property Description
    24 unit classic brick building located in the highly desirable Capitol Hill location. Building maintain its turn of the century charm with hardwood floors and oak details. Common laundry room, tenant storage lockers, partial plumbing upgrades and units are individually metered for electric. Fantastic views from upper units on the buildings west side. Upside potential in below market rents and unit renovations.
    Exterior Features

    Carport Spaces 0 Exterior BrickWood Products Foundation Poured Concrete Garage Spaces 0 Roof Flat Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 0 Uncovered Spaces 0

    Interior Features

    Floor Covering Hardwood Heating And Cooling Forced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 350 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 350 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 350 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 300 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 350 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 350 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 4.17 Electrical Expenses 0 Energy Source Natural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 351506 Gross Rent Multiplier 15 Gross Scheduled Income 358680 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5237 Leased Items None Net Operating Income 229312 New Construction YN No Other Expenses 48863 Possession ClosingSub. Tenant's Rights Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 39310 Tax Year 2017 Terms Cash Out Third Party Approval Required None Total Expenses EXP 122194 Total Expenses TEX 122194 Total Monthly Income 29890 Unit1 Monthly Rent 1200 Unit2 Monthly Rent 1100 Unit3 Monthly Rent 1075 Unit4 Monthly Rent 1050 Unit5 Monthly Rent 1075 Unit6 Monthly Rent 1095 Vacancy Rate 2 Water Sewer Garbage 28784

    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 Pickett Street Properties 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 Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-05-27T09:14:51.62.

     
    Pickett Street Properties
    22614 Bothell Everett Hwy
    Bothell WA, 98021
    Listing Courtesy of Paragon Real Estate Advisors.