525 E Roy St | Seattle, WA 98102
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- LoopNet Team
525 E Roy St
Seattle, WA 98102
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Corner-lot Capitol Hill location blocks from the Harvard-Belmont Landmark district, walking distance to downtown, SLU, Volunteer & Cal Anderson Parks
- Walker's Paradise walk score of 91 - walking access to restaurants, shops, grocery, parks, light rail, and multiple bus routes
- Substantial building upgrades - plumbing/electrical updates (most units), bathroom improvements (more than 1/2 of units), in-unit laundry (most units)
- Turnkey opportunity with stable occupancy and a 4.3% cap rate based on in-place rent increases that will be in effect between 10/1 and 12/1/2022
- Upside potential - likely opportunity to raise rents to market and increase charges for parking to achieve a 4.9% cap rate
- Desirable features - updated windows, secured entry, spacious floor plans, 6 parking spaces, common laundry room with 10 storage lockers
Property Facts
| No. Units | 11 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 7,525 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/1993 |
| Building Class | C | Parking Ratio | 0.8/1,000 SF |
| Zoning | LR3 (M) | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,525 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1957/1993 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | LR3 (M) |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- Controlled Access
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,575 | 450 |
| 1+1 | 5 | $1,629 | 625 |
| 2+1 | 5 | $2,105 | 790 |
Property Taxes
| Parcel Number | 684820-0380 | Improvements Assessment | $1,147,600 |
| Land Assessment | $1,766,400 | Total Assessment | $2,914,000 |
Property Taxes
Parcel Number
684820-0380
Land Assessment
$1,766,400
Improvements Assessment
$1,147,600
Total Assessment
$2,914,000
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