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!

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
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks