Bought with Best Choice Realty LLC
$2,490,000
$2,640,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
6,710 SqFt
SOLD DATE : 04/01/2021
Key Details
Sold Price $2,490,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,710 sqft
Price per Sqft $371
Subdivision Queen Anne
MLS Listing ID 1734645
Sold Date 04/01/21
Style 54 - 4-Plex
Year Built 2016
Annual Tax Amount $11,188
Lot Size 4,400 Sqft
Lot Dimensions 40 x 110
Property Sub-Type Multi-Family
Property Description
Biggest 4-Plex (by price) in Wa St history. "The Eden Hill Flats" Rare Four Star Built Green in 2016. Average Actual Rents Received 2017 - 2019: $18,888 / month. All leased till Aug 31st @ $15,100/m, very strong resident profile/ 100% timely/ info avail. Intelligent Design as upscale "Seattle Pacific U Residences". Yet trending to now 3 of 4 units not students/ are working. Four superlative 4-BR / 5-BR / 6-BR Flats w/ Great Rooms "like a house", maple & quartz, wool, tile & bamboo, views & more. Premium commercial construction components, fully sprinklered, occupancy rating 35, etc. While some list prices require pro forma rents not yet proven, Eden Hill Flats is a turn key 5.2 Cap as is, with pro forma rents proven four years ago.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet, Bamboo/Cork
Flooring Bamboo/Cork, Ceramic Tile, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked
Utilities Available High Speed Internet, Sewer Connected, Electric
Amenities Available Deck, Fenced-Partially, High Speed Internet
View Y/N Yes
View Canal, Territorial
Roof Type See Remarks
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Coe
Middle Schools Mc Clure Mid
High Schools Lincoln High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, See Remarks, VA Loan
Listing Terms Cash Out, Conventional, See Remarks, VA Loan
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