1512 12th Avenue S, Seattle, WA 98144

$2,395,000
3,377
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$2,395,000
Status
ACTIVE
MLS#
2249998
Days on Market
6
Style
55 - 5-9 Units
Finished SqFt
3,377
Area Total SqFt
3377
Annual Tax Ammount
8204
Lot Size (sq ft)
3,497
Sewer
Sewer Connected

Property Description

This property is fully vacant, with TCO pending, which offers investors the chance to lease the units at market rates to their ideal tenants. NWMLS lockbox on front door. Use Showingtime to schedule a tour. Offers will be reviewed upon receipt. The seller is open to starting the lease-up process if that is preferred by the buyer. The building features a unique mix of units: one 3-bedroom/1-bath unit with ADA accessibility and an attached secure garage, two 1-bedroom/1-bath units, and four Loft SEDU units. Each unit is designed with LVP flooring, quartz countertops, stainless steel appliances, dishwashers, and high-end kitchen and bathroom vanities.

Additional Information

List Date
2024-06-10 17:56:08
Community
N Beacon Hill
Net Operating Income
$122,435
Gross Adjusted Income
$149,739
Gross Scheduled Income
$157,620
Total Monthly Income
$13,205
Insurance Expenses
$5,000
Water/Sewer/Garbage Expenses
$7,000
Gross Rent Multiplier
15.19
Total Expenses
$27,304
Cap Rate
5.11
Vacancy Rate
5
Total Number of Units
7
Unit Name
1512
Potential Terms
Cash Out, Conventional
Year Built
2024
Roof
Built-Up
Other Expenses
7100
Energy Source
Electric
School District
Seattle
Total Monthly Income
$13,205
Gross Scheduled Income
$157,620
Vacancy Rate
5
Gross Adjusted Income
$149,739
Tax Year
2024
Insurance Expense
$5,000
W/S/G Expenses
$7,000
Total Expenses
$27,304
Net Operating Income
$122,435
Gross Rent Multiplier
15.19
Cap Rate
5.11
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