741 Harvard Ave E, Seattle, WA 98102

$10,250,000

Listing courtesy of Urban Commercial Partners, LLC.

List Price
$10,250,000
Status
ACTIVE
MLS#
1370266
Price Change
▼ $700,000 1543364590
Days on Market
106
Style
56 - 10+ Units
Lot Size (sq ft)
5,750

Property Description

741 Harvard is the Premier new construction apartment complex located in the highly sought after N. Capitol Hill sub-market. Built in 2017, this asset consists of 41 high end SEDU studio units, averaging 251 SF each. All units feature washer/dryer, high end finishes and efficient layouts. Many units feature Murphy Beds, private balconies and usable loft space. Roof Top Deck with outstanding panoramic views of Downtown, Lake Union and Space Needle.

Additional Information

List Date
2018-10-03 00:00:00
Community
Capitol Hill
Property Type
MULT
Stories
5
Potential Terms
Cash Out
Year Built
2017
Exterior
Brick, Wood
Roof
Flat
Site Features
Cable TV, Deck, Fenced-Partially
Lot Details
Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$58,514
Gross Scheduled Income
$673,797
Gross Adjusted Income
$673,797
Annual Taxes
$10,925
Tax Year
2019
Insurance Expense
$9,330
W/S/G Expenses
$57,876
Total Expenses
$230,197
Net Operating Income
$443,600
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
251
Unit 1 Rent
$1,322
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