242 32nd Ave
Seattle WA 98122
Leschi 4-Plex
242 32nd Ave Seattle WA 98122
Listing #: 642733 | Status: Available | Last Modified: 11/15/2021 |
For Sale
- Phone:(206) 505-9414
- Email:ian@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Call Listing AgentYes
- Use DiscretionYes
Tenants unaware of sale - Please do not disturb Tenants. Showings by appointment only. Contact Listing Agent.
- Listing Price$ 1,600,000.0
- $/SF$ 580.6
- $/Unit$ 400,000.0
- Listing StatusAvailable
- Days on Market1196
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income87,600
- Vacancy Factor %3.00%
- Operating Expenses20,061
- Net Operating Income64,911
- CAP Rate 1.23 %
- GRM19.32
- Dock High Doors
- Semi-Dock Doors
- Grade Level Door Count
- Crane Count
- Expense Year2020
- Real Estate Taxes $ 11,256
- +Personal Prop Taxes$ 0
- +Account/Legal$ 0
- +Advertising$ 0
- +Insurance$ 1,268
- +Electricity$ 0
- +Water/Sewer$ 4,437
- +Trash$ 0
- +Prof. Mgr$ 0
- +Res. Mgr $ 0
- +Maintenance$ 3,100
- +Supplies $ 0
- +Other Expenses $ 0
- =Total Exp.$ 20,061
- Reserves$ 0
- Gross Sch Rents$ 82,800.0
- Vacancy $$ 2,628.0
- Vacancy %0.00%
- +Laundry Income900.ToString(formatLongDollar))
- +Advertising0.ToString(formatLongDollar))
- +Parking Income0.ToString(formatLongDollar))
- +Other Income3900.ToString(formatLongDollar))
- =Effective Gross84972.ToString(formatLongDollar))
- -Total Expenses20061.ToString(formatLongDollar))
- =NOI64911.ToString(formatLongDollar))
- CAP Rate 1.23 %
- GRM$ 19.3
- $/SF/YR$ 00.0
- $/Unit$ 400,000.0
- Expense/Unit$ 5,015.3
- # Units4
- Beds/Baths1Bed/1Bath
- Avg SqFT720
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units4
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2756
- Net Rentable Area2756
- Total Office SF
- Largest Contiguous SF
- Lot SF5520
- Acres0.13
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- VicinityLeschi
- Location DescriptionNear Leschi Elementary
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #786170000
- Additional Parcels
- ZoningSF 5000
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio
- Year Built1907
- Year Renovated
- Completion Date
- Roof TypeFlat
- Construction TypeFramed, Wood
This fourplex is a timeless building with light filled units on a quiet street in one of Seattleās most desirable neighborhoods. The units have high ceilings with beautiful bay windows in living and dining rooms. The units have beautiful old-world charm, original wood detail, hardwood floors and claw foot tubs. The original large pocket doors separate the living room and dining rooms which offer flexible living quarters for potential roommate situations with both front and back door entrances. The units are spacious with separation from neighbors, ideal for working from home. All have designated storage closets located outside their back doors that would be perfect for adding individual laundry. The building is already four separate tax parcels for an easy condo conversion in the future.
Super rare 1907 4plex built in a residential neighborhood. One block to Leschi Elementary. Spacious units. Some updates with period fixtures and hardwood floors. All four units laid out the same with grand central staircase. Two off-street parking spaces
Condo