3721 27th Place W

    Seattle, WA 98199
    • $8,500,000
    • STATUS: Pending
    • ON SITE: 124 days
    • ID#: 1363288
    Under Contract
    UPDATED: 59 min ago
    $8,500,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,870
      SQFT
    • $356
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    26-unit apartment building located in the quiet tight-knit Magnolia neighborhood near Downtown Seattle. Brittany House is the definition of a pride-of-ownership building and is available to purchase for the first time in over 20 years. This is an extremely rare opportunity for an investor to acquire a well-maintained asset in a very desirable Seattle neighborhood with repositioning upside.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-21T16:15:15.617.

    www.kimberlygartlandgroup.com/homes/87601525

    3721 27th Place W Seattle, WA 98199

    • Price: $8,500,000
    • Status: Pending
    • Updated: 59 min ago
    • ID#: 1363288
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    23,870
    SQFT
    $356
    $/SQFT
    1977
    Built
    Neighborhood:
    Magnolia
    County:
    King
    Area:
    Queen Anne/Magnolia
    School District:
    Seattle
    Property Description
    26-unit apartment building located in the quiet tight-knit Magnolia neighborhood near Downtown Seattle. Brittany House is the definition of a pride-of-ownership building and is available to purchase for the first time in over 20 years. This is an extremely rare opportunity for an investor to acquire a well-maintained asset in a very desirable Seattle neighborhood with repositioning upside.
    Exterior Features

    Carport Spaces 0 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 20 Roof Flat Stories In Building 4 Style 56 - 6-9 Units Total Parking Spaces 20 Uncovered Spaces 0

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.50 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 883 Unit1 Washer Dryer Y Unit2 Bathrooms 1.50 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 883 Unit2 Washer Dryer Y Unit3 Bathrooms 1.50 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 883 Unit3 Washer Dryer Y Unit4 Bathrooms 1.50 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 883 Unit4 Washer Dryer Y Unit5 Bathrooms 2.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 1 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 937 Unit5 Washer Dryer Y Unit6 Bathrooms 2.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 1 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 937 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Amenities Storage Bank Owned No Cap Rate 4.01 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 534565 Gross Rent Multiplier 15 Gross Scheduled Income 545474 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 9100 Leased Items None Net Operating Income 341219 New Construction YN No Other Expenses 75586 Possession ClosingSub. Tenant's Rights Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 73558 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 193346 Total Expenses TEX 193346 Total Monthly Income 45456 Unit1 Monthly Rent 1760 Unit2 Monthly Rent 1860 Unit3 Monthly Rent 1760 Unit4 Monthly Rent 1560 Unit5 Monthly Rent 1760 Unit6 Monthly Rent 1860 Vacancy Rate 2 Water Sewer Garbage 35102 Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-21T16:15:15.617.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Paragon Real Estate Advisors.