1625 1627 Belmont Avenue, Seattle, WA 98122

$4,500,000
12,068
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$4,500,000
Status
ACTIVE
MLS#
1904706
Days on Market
106
Style
56 - 10+ Units
Finished SqFt
12,068
Area Total SqFt
12068
Lot Size (sq ft)
8,250

Property Description

Kensington consists of 33 units in two buildings on a large 8,150 sf parcel. Both of the buildings have been recently painted to highlight their beautiful architecture, to provide better continuity between them. The main bldg has 27 tastefully updated SRO units that share six bathrooms throughout the building. The units have been fully renovated with new hardwood flooring, designer lighting, quartz counters and beautiful cabinets. Located in Capitol Hill urban village in an amenity rich area.

Additional Information

List Date
2022-03-21 22:52:14
Community
Capitol Hill
Potential Terms
Cash Out
Year Built
1914
Roof
Flat
Heating/Cooling Type
Radiant, Radiator
Other Expenses
70154
Energy Source
Electric, Oil
School District
Seattle
Total Monthly Income
$32,095
Gross Scheduled Income
$385,140
Vacancy Rate
5
Gross Adjusted Income
$365,883
Tax Year
2021
Insurance Expense
$16,650
W/S/G Expenses
$46,229
Total Expenses
$169,380
Net Operating Income
$196,503
Gross Rent Multiplier
12
Cap Rate
4.37
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