602 N 42nd St

    Seattle, WA 98103
    • $3,450,000
    • STATUS: Pending
    • ON SITE: 47 days
    • ID#: 1302206
    Under Contract
    UPDATED: 32 min ago
    $3,450,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,472
      SQFT
    • $462
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1909
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    The Hillside Apartments is a well located 16-unit apartment building with immediate rental upside. Large 12,500sf LR2 Lot. Situated in the very walkable and amenity rich Fremont neighborhood. The property offers the buyer a rare opportunity to purchase an extremely well-located building with immediate rental upside and potential to add a unit in the basement.

    Monthly Payment Calculator

    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 Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-07-18T00:17:53.693.

    www.resg.com/homes/84125978

    602 N 42nd St Seattle, WA 98103

    • Price: $3,450,000
    • Status: Pending
    • Updated: 32 min ago
    • ID#: 1302206
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    7,472
    SQFT
    $462
    $/SQFT
    1909
    Built
    Neighborhood:
    Fremont
    County:
    King
    Area:
    Ballard/Greenlake
    School District:
    Seattle
    Property Description
    The Hillside Apartments is a well located 16-unit apartment building with immediate rental upside. Large 12,500sf LR2 Lot. Situated in the very walkable and amenity rich Fremont neighborhood. The property offers the buyer a rare opportunity to purchase an extremely well-located building with immediate rental upside and potential to add a unit in the basement.
    Exterior Features

    Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Roof Flat Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 8 Uncovered Spaces 8

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 467 Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 467 Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 467 Unit4 Bathrooms 1.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 467 Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 467 Unit6 Bathrooms 1.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 467 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 3.08 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 175052 Gross Rent Multiplier 19 Gross Scheduled Income 176820 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4600 Leased Items None Net Operating Income 106110 New Construction YN No Other Expenses 24133 Possession Closing Right Of First Refusal Yes Septic Approved For Number Of Bedrooms 0 Sewer Available Tax Amount 25062 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 68942 Total Expenses TEX 68942 Total Monthly Income 14735 Unit1 Monthly Rent 625 Unit2 Monthly Rent 800 Unit3 Monthly Rent 1295 Unit4 Monthly Rent 1295 Unit5 Monthly Rent 800 Unit6 Monthly Rent 1095 Vacancy Rate 1 Water Sewer Garbage 15147

    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 Real Estate Solutions Group - NWRE LLC 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 Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-07-18T00:17:53.693.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Paragon Real Estate Advisors.