Sq.Ft.2,300
Year1903
The Every Door Team
(206) 222-7820Listing Office
Office:
Windermere Real Estate/East
Windermere Real Estate/East
Status:
Active
Property Type:Multi-Family
MLS® #:2027874
Sq. Feet:2,300
On Site:7 Days
Lot Size:0.05 Acres
County:King
Opportunity knocks in Capitol Hill! Charming home offers easy commute to both North and South Seattle with Capitol Hill Light Rail Station just 1 block away. Minutes to restaurants and shops on Broadway, Cal Anderson Park and SeattleU. Convenient to central business district and SLU. Upper unit has 3bd/1ba, formal LR/DR and W/D. The lower unit w/separate entrance has 1bd/1ba, bonus room, w/d and full kitchen. Rent both units, rent one unit and live in the other OR use as home office The units are currently renting well below market presenting significant rental upside. Proforma cap rate of 5.82% when rents are brought up to market. Newer MR1 zoning offers multiple growth options! Plenty of value-add opportunity for the savvy investor.
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Community Information
Address:106 10th Ave E, Seattle, WA 98102
County:King
City:Seattle
Subdivision:Capitol Hill
Zip Code:98102
School Information
School District:Seattle
High School:Garfield High
Middle School:Wash Mid
Elementary School:Lowell
Architecture
Year Built:1903
Stories:3
Possible Use: Multi-Family
Building Style: Duplex
Roof: Composition
Foundation: Poured Concrete, Slab
Parking Features: RV Parking
Features / Amenities
Interior Features: Ceramic Tile, Hardwood, Wall to Wall Carpet
Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
Exterior Features: Wood
Green Energy Efficient: Thermal Windows
Site Features: Cable TV, Fenced-Fully, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking
Open Parking Spaces: 3
Parking Total: 3
Heating Cooling Type: Baseboard, Wall
Property Features
Lot Size:
0.05 Acres
Lot Features: Curbs, Paved, Sidewalk
Sq.Ft. Size: 2300
Lot Sq.Ft. Size: 2280
Sewer: Sewer Connected
Water: Public
Directions:I-5 South. EXIT 166 toward Stewart St/Denny Way. Slight right onto Stewart St. 2nd left onto Denny Way. 3rd left onto E Olive Way. Right onto 10th Ave E.
Tax and Financial Info
Tax Year: 2022
Tax Annual Amount: $7,824
Insurance Expense: $3,093
Net Income: $40,767
Listing Terms: Cash Out, Conventional
Total Monthly Income: $4,800
Net Operating Income: $40,767
Total Expenses: $13,954
Offers: Seller intends to review offers upon receipt
Possession: Closing, Tenant's Rights
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106 10th Ave E Seattle, WA 98102
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