For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1252493
  • Price:
    • $5,250,000
  • Status:
    • Pending
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 24
  • # of Acres:
    • 0.12
  • Lot Sq.Ft.:
    • 5,250
  • Year Built:
    • 1925
  • School Dist:
    • Republic
  • Address:
    • 1515 Bellevue Ave
  • Community:
    • Capitol Hill
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98122
  • Terms:
    • Cash Out
QR Code

Description
Price Reduced $250k! 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.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $1,350.00
    • Square Feet Unit 1:
      • - 400.00
    • Bedrooms Unit 1:
      • - 1
    • Bathrooms Unit 1:
      • - 1.00
    • Refrigerator Unit 1:
      • - Yes
    • Range/oven Unit 1:
      • - Yes
    • Dishwasher Unit 1:
      • - No
    • Washer/dryer Unit 1:
      • - No
    • Description Unit 1:
      • - 101
  • Unit 2
    • Rent Unit 2:
      • - $1,350.00
    • Square Feet Unit 2:
      • - 400.00
    • Bedrooms Unit 2:
      • - 1
    • Bathrooms Unit 2:
      • - 1.00
    • Refrigerator Unit 2:
      • - Yes
    • Range/oven Unit 2:
      • - Yes
    • Dishwasher Unit 2:
      • - No
    • Washer/dryer Unit 2:
      • - No
    • Description Unit 2:
      • - 102
  • Unit 3
    • Rent Unit 3:
      • - $1,075.00
    • Square Feet Unit 3:
      • - 400.00
    • Bedrooms Unit 3:
      • - 1
    • Bathrooms Unit 3:
      • - 1.00
    • Refrigerator Unit 3:
      • - Yes
    • Range/oven Unit 3:
      • - Yes
    • Dishwasher Unit 3:
      • - No
    • Washer/dryer Unit 3:
      • - No
    • Description Unit 3:
      • - 103
  • Unit 4
    • Rent Unit 4:
      • - $1,295.00
    • Square Feet Unit 4:
      • - 300.00
    • Bathrooms Unit 4:
      • - 1.00
    • Refrigerator Unit 4:
      • - Yes
    • Range/oven Unit 4:
      • - Yes
    • Dishwasher Unit 4:
      • - No
    • Washer/dryer Unit 4:
      • - No
    • Description Unit 4:
      • - 104
  • Unit 5
    • Rent Unit 5:
      • - $1,128.00
    • Square Feet Unit 5:
      • - 400.00
    • Bedrooms Unit 5:
      • - 1
    • Bathrooms Unit 5:
      • - 1.00
    • Refrigerator Unit 5:
      • - Yes
    • Range/oven Unit 5:
      • - Yes
    • Dishwasher Unit 5:
      • - No
    • Washer/dryer Unit 5:
      • - No
    • Description Unit 5:
      • - 105
  • Unit 6
    • Rent Unit 6:
      • - $1,095.00
    • Square Feet Unit 6:
      • - 400.00
    • Bedrooms Unit 6:
      • - 1
    • Bathrooms Unit 6:
      • - 1.00
    • Refrigerator Unit 6:
      • - Yes
    • Range/oven Unit 6:
      • - Yes
    • Dishwasher Unit 6:
      • - No
    • Washer/dryer Unit 6:
      • - No
    • Description Unit 6:
      • - 106
  • Building Details
    • # Of Stories In Building:
      • - 3
    • Units Below Grade:
      • - No
    • Amenities:
      • - Coin Op Laundry
    • Floor Covering:
      • - Hardwood
    • Heating And Cooling:
      • - Forced Air
  • Misc Details
    • Form 17:
      • - Provided
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $39,580.00
    • Tax Year:
      • - 2018
  • Finance Details
    • Gross Rent Multiplier:
      • - 14
    • Vacancy Rate:
      • - 3
    • Cap Rate - Noi Div Lp:
      • - 4594.17
  • Income
    • Gross Adjusted Income:
      • - $364,146.00
    • Gross Scheduled Income:
      • - $375,408.00
    • Net Operating Income:
      • - $241,176.00
    • Total Monthly Income:
      • - $31,284.00
  • Expenses
    • Insurance Expenses:
      • - $5,237.00
    • Water / Sewer / Garbage:
      • - $28,784.00
    • Other Expenses:
      • - $49,369.00
    • Total Expenses:
      • - $122,970.00
    • Total Expenses:
      • - $122,970.00
  • Construction Details
    • Exterior:
      • - Brick
      • - Wood Products
    • Foundation:
      • - Poured Concrete
    • Roof:
      • - Flat
  • Utilities
    • Energy Source:
      • - Natural Gas
  • Zoning
    • General Zoning Classification:
      • - Multi-family
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For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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