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525 East Roy Street

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525 East Roy Street

525 E Roy St, Seattle, WA 98102
Multi-Family For Sale Available Cap Rate 4.92% Built 1957 3 floors Zoning: LR3(M)
Asking Price
$3,195,000
Total Building7,525 SF
Available7,525 SF avail
Land5,520 SF land
Parking Total6
& Uncov.
MarketCapitol Hill/First Hill
CountyKing

Read Overview
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Overview

Property ID
293084
Listing ID
712725
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3(M)

Description

Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 5.4% cap rate and 11.5 GRM. Walker’s Paradise Walk Score of 90 - incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes.Upside potential - likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 5.8% cap rate and 10.8 GRM.Parking spaces for 6 vehicles.Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one stud

Documents

Listing Courtesy of:

KH
Ken Hirata
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Seattle ZIP: 98102 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.