1310 E Thomas St
Seattle WA 98102
1310 East Thomas Street
1310 E Thomas St Seattle WA 98102
Listing #: 660938 | Status: Available | Last Modified: 6/21/2023 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(503) 221-9900
- Office Website:https://kidder.com/
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 9,695,000.0
- $/SF$ 515.4
- $/Unit$ 484,750.0
- Listing StatusAvailable
- Days on Market591
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units20
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors4
- # of Units20
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF19210
- Net Rentable Area18810
- Total Office SF
- Largest Contiguous SF
- Lot SF13537
- Acres0.31
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #6003501931
- Additional Parcels
- ZoningLR3 (M)
- # Covered Spaces0
- # Uncovered Spaces14
- Total Parking Spots14
- Parking Ratio
- Year Built1967
- Year Renovated2023
- Completion Date
- Roof Type
- Construction TypeWood
Fully renovated 20-unit in Capitol Hill
Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. Its walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property’s 20-unit size should generate nearly $60,000 in monthly rent and supports competent professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM. 1310 E Thomas offers pricing more than 10% below new construction whi