Bought with ZNonMember-Office-MLS
$8,527,000
$9,695,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
19,210 SqFt
SOLD DATE : 09/07/2023
Key Details
Sold Price $8,527,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 19,210 sqft
Price per Sqft $443
Subdivision Capitol Hill
MLS Listing ID 2055635
Sold Date 09/07/23
Style 56 - 10+ Units
Year Built 1967
Annual Tax Amount $64,392
Lot Size 0.311 Acres
Property Description
Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Stucco
Amenities Available Deck, Fenced-Partially
Waterfront No
View Y/N Yes
View City, Partial
Roof Type Flat
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Lowell
Middle Schools Meany Mid
High Schools Garfield High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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