1524 Taylor Avenue N, Seattle, WA 98109
- $3,499,999
- 6,192
- SqFt
Listing courtesy of Berkshire Hathaway HS NW.
- List Price
- $3,499,999
- Status
- ACTIVE
- MLS#
- 2020173
- Price Change
- ▼ $499,951 1673641851
- Days on Market
- 69
- Style
- 52 - Duplex
- Building Condition
- Under Construction
- Finished SqFt
- 6,192
- Area Total SqFt
- 6192
- Annual Tax Ammount
- 16000
- Lot Size (sq ft)
- 3,710
- Sewer
- Sewer Connected
Property Description
Calling all investors! Looking for a unique income-generating property in the icon and sought-after Queen Anne neighborhood? Among the lovely townhouses and beautiful florals dotting the bustling neighborhood, this duplex-style building is rising to completion within the next 2 mo. This 4-level, 20-unit project was spearheaded with the idea of each of 18 of the units being listed as a private Airbnb - ideal for those visiting the area on business or pleasure looking for a hotel alternative. In addition there are 2, 2 bed / 1 bath units with full kitchen and W/D. 10+ Cap rate in year 1 for incredible cash flow, this project is not to be missed!
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Additional Information
- List Date
- 2022-12-01 14:26:10
- Community
- Queen Anne
- Net Operating Income
- $405,504
- Gross Adjusted Income
- $405,504
- Gross Scheduled Income
- $662,236
- Total Monthly Income
- $55,186
- Insurance Expenses
- $2,400
- Gross Rent Multiplier
- 5.28
- Total Expenses
- $256,696
- Cap Rate
- 12
- Unit Name
- 1524
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2023
- View
- City, Lake, Mountain(s), Territorial
- Roof
- Composition
- Heating/Cooling Type
- Ductless HP-Mini Split, Wall
- Other Expenses
- 238296
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $55,186
- Gross Scheduled Income
- $662,236
- Gross Adjusted Income
- $405,504
- Tax Year
- 2023
- Insurance Expense
- $2,400
- Total Expenses
- $256,696
- Net Operating Income
- $405,504
- Gross Rent Multiplier
- 5.28
- Cap Rate
- 12
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