319 W Olympic Place

    Seattle, WA 98119
    • $2,795,000
    • STATUS: Pending
    • ON SITE: 80 days
    • ID#: 1353697
    Under Contract
    UPDATED: 61 min ago
    $2,795,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,585
      SQFT
    • $500
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Re/Max Metro Realty, Inc..

    Description

    Trophy location on the south slope of Queen Anne. Low maintenance brick, concrete exterior walkways, copper plumbing, common laundry, extra storage and a new TPO membrane roof. The 28 year owner allowed rents to lag, a new owner with renewed marketing and managment can raise rents and improve income by renovating units. Six units have views, tenants enjoy a short walk to lower Queen Anne, east to South Lake Union / Amazon and west to the new Expedia campus at Interbay. Potential 12th unit.

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    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 Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-11-19T11:14:29.803.

    www.homesonthesound.com/homes/87049830

    319 W Olympic Place Seattle, WA 98119

    • Price: $2,795,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: 1353697
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,585
    SQFT
    $500
    $/SQFT
    1955
    Built
    Neighborhood:
    Queen Anne
    County:
    King
    Area:
    Queen Anne/Magnolia
    School District:
    Seattle
    Property Description
    Trophy location on the south slope of Queen Anne. Low maintenance brick, concrete exterior walkways, copper plumbing, common laundry, extra storage and a new TPO membrane roof. The 28 year owner allowed rents to lag, a new owner with renewed marketing and managment can raise rents and improve income by renovating units. Six units have views, tenants enjoy a short walk to lower Queen Anne, east to South Lake Union / Amazon and west to the new Expedia campus at Interbay. Potential 12th unit.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Brick Foundation Poured Concrete Garage Spaces 0 Lot Details Paved Street Roof Built-Up Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 5 Uncovered Spaces 5 View City

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 335 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 380 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 380 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 545 Unit4 Washer Dryer N Unit5 Bathrooms 2.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1060 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 445 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities BasementCoin Op LaundryStorage Bank Owned No Cap Rate 3.70 Electrical Expenses 686 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 159109 Gross Rent Multiplier 17 Gross Scheduled Income 160716 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4476 Leased Items None Lot Number 4 Net Operating Income 103164 New Construction YN No Other Expenses 12710 Possession Closing Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 23508 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 55945 Total Expenses TEX 55945 Total Monthly Income 13393 Unit1 Monthly Rent 890 Unit2 Monthly Rent 1025 Unit3 Monthly Rent 1125 Unit4 Monthly Rent 1295 Unit5 Monthly Rent 1825 Unit6 Monthly Rent 950 Vacancy Rate 1 Water Sewer Garbage 14565

    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 Homes on the Sound 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 Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-11-19T11:14:29.803.

     
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