1108 9th Ave W

Seattle, WA 98119

Status

ACTIVE

MLS#

1091867

List Price

$9,100,000

Days on Market

69

Style

56 - 10+ Units

Building Condition

Restored

Lot Size (sq ft)

20,600

Property Description

Once-in-a-lifetime opportunity to acquire a one-of-a-kind property. Spectacular 13-unit, courtyard apartment building on huge lot built by legendary developer Frederic Anhalt. Artfully and tastefully restored to better than new condition. Beautiful, secluded, quiet location on the SW slope of Queen Anne Hill. Sound, Olympics and sunset views. Extraordinary Spanish - Mediterranean Architecture. Abundant period charm intact but apartments feature designer kitchens, gas ranges and W/D.

Property Details

List Date

2017-03-17 00:00:00

Community

Queen Anne

Property Type

MULT

Units

13

Stories

2

Additional Information

Potential Terms

Cash Out

Year Built

1930

Total Parking

12

View

Mountain, Sound

Exterior

Stucco

Roof

Tile

School District

Seattle

High School

Ballard High

Financial Information

Total Monthly Income

$37,360

Gross Scheduled Income

$448,320

Vacancy Rate

3

Gross Adjusted Income

$434,870

Annual Taxes

$38,890

Tax Year

2017

Insurance Expense

$8,000

W/S/G Expenses

$7,320

Total Expenses

$107,720

Net Operating Income

$327,160

Gross Rent Multiplier

20

Cap Rate

3

Approximate Room Dimensions

Unit 1 Beds

2

Unit 1 Baths

1.00

Unit 1 Size

874

Unit 1 Rent

$3,000

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

596

Unit 2 Rent

$2,495

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Size

636

Unit 3 Rent

$2,295

Unit 4 Beds

2

Unit 4 Baths

1.00

Unit 4 Size

1183

Unit 4 Rent

$2,400

Unit 5 Beds

2

Unit 5 Baths

1.00

Unit 5 Size

1191

Unit 5 Rent

$3,850

Unit 6 Beds

2

Unit 6 Baths

1.00

Unit 6 Size

1208

Unit 6 Rent

$3,450

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Listing courtesy of Westlake Associates, Inc..

(206) 452-0713

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