714 7th Ave, Seattle, WA 98104

$14,950,000
26,545
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$14,950,000
Status
ACTIVE
MLS#
1564400
Days on Market
13
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
26,545
Lot Size (sq ft)
7,200

Property Description

This 75-unit community provides an excellent opportunity to own an apartment in Seattle’s core market. The Zindorf is located one block east of downtown and has a 98 Walk Score and 100 Transit Score. This is a unique opportunity to own an apartment building in this area where apartments rarely change hands.

Additional Information

List Date
2020-02-12 00:00:00
Community
Downtown
Property Type
MULT
Units
75
Stories
5
Potential Terms
Cash Out
Year Built
1911
Exterior
See Remarks
Roof
See Remarks
School District
Seattle
Total Monthly Income
$95,834
Gross Scheduled Income
$1,150,002
Vacancy Rate
5
Gross Adjusted Income
$1,092,502
Annual Taxes
$83,574
Tax Year
2019
Insurance Expense
$20,623
Total Expenses
$433,948
Net Operating Income
$658,554
Gross Rent Multiplier
13
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
325
Unit 1 Rent
$1,369
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
575
Unit 2 Rent
$1,399
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