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Listed by Kidder Mathews Max Frame
$6,200,000
Est. payment /mo
1 Bed
2 Baths
15,560 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,560 sqft
Price per Sqft $398
Subdivision North Capitol Hill
MLS Listing ID 2458589
Style 56 - 10+ Units
Bedrooms 1
Year Built 1910
Annual Tax Amount $67,567
Lot Size 5,714 Sqft
Lot Dimensions 5714
Property Sub-Type Multi Family
Property Description
Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle's most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick
View Y/N Yes
View City, Lake, Territorial
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk, Value In Land
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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