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caroline bouvier

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206.650.0431
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Listing 9 out of 96
$2,945,000 For Sale

1330 12th Ave S
Seattle, WA 98144

12 units | Multi Family Home
12001 sq ft lot - MLS# 1502941 Courtesy of Paragon Real Estate Advisors
Property Photo
1/5

Description

The North Beacon Flats were constructed in 1962. The building consists of 12 residential apartments and a large basement including storage, which could potentially be converted into one or more additional units. The property is situated on a relatively flat, rectangular 12,000 sf lot (100' x 120') zoned low rise (LR3), featuring approximately 2,500 sf of excess land in the front. The high-density zoning allows for development up to 4 stories. Located in designated opportunity zone.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98144
  • Year Built: 1962
  • School District: Seattle
  • Sq.Ft.: 7,562 sq ft
  • Units: 12 units
  • # of Parking Spaces: 11
  • Lot Size: 12001 sq ft lot
  • Area: N Beacon Hill
  • Amenities: Coin Op Laundry
  • Area Number: 385
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Bedrooms Unit 5: 1
  • Bedrooms Unit 6: 1
  • Cap Rate - NOI div LP: 4.55
  • Energy Source(heat): Electric
  • Exterior: Cement/Concrete
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family, Residential
  • Gross Adjusted Income: $205330
  • Gross Rent Multiplier: $14
  • Gross Scheduled Income: $211680
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $4200
  • Net Operating Income: $141107
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 11
  • Other Expenses: $23028
  • Rent Unit 1: $1350
  • Rent Unit 2: $1350
  • Rent Unit 3: $1350
  • Rent Unit 4: $1350
  • Rent Unit 5: $1350
  • Rent Unit 6: $1350
  • Roof: Flat
  • Square Feet Unit 1: 582
  • Square Feet Unit 2: 582
  • Square Feet Unit 3: 582
  • Square Feet Unit 4: 582
  • Square Feet Unit 5: 582
  • Square Feet Unit 6: 582
  • Total Expenses: $64223, $64223
  • Total Monthly Income: $17640
  • Vacancy Rate: 3
  • Water/Sewer/Garbage: 11223
Courtesy of Paragon Real Estate Advisors
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Bouvier Realty Group are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-23

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caroline bouvier | 206.650.0431 | contact me
33313 1st Way S - Federal Way, WA 98003
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