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1422 Boylston Ave $10,500,000

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    1422 Boylston Ave Seattle, WA 98122

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 1470592 | Pending
    Days On Market: 71 2 Views
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    Property Details

    The Montage Condominiums located in one of Seattle’s most desirable neighborhoods, the bustling Pike/Pine corridor in Capitol Hill. Own 23 legal condominiums currently operated as an apartment building. Increasing rents just $100 per unit, implementing market rate charges for parking income & recapturing utility expenses generates a market cap rate of roughly 4.57%. Total est. market value of these sellable units are about 28% higher than the current offering price. 1:1 parking & storage ratio.

    • General Features
      • County King
      • Style 56-10+ Units
      • Number of Stories 7
      • Number of Units 23
      • Year Built 2007
      • Lot Details Alley, Curbs, Paved Street, Sidewalk
      • Lot Square Footage 7,666
      • Site Features Cable TV, Deck, High Speed Internet, Patio
      • View City, Mountain, Territorial
      • County King
    • Building Features
      • Approx SqFt 0
      • Roof Flat
      • Exterior Cement/Concrete, Metal/Vinyl, Wood Products
      • Floor Covering Ceramic Tile, Hardwood, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $49,080
      • Net Operating Income $407,005
      • Gross Scheduled Income $588,960
      • Gross Adjusted Income $571,291
      • Total Expenses $86,855
      • Other Expenses $0
      • Insurance Expenses $9,100
      • Expenses $86,855
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 0
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $86,000
      • Energy Source Electric, Natural Gas
      • Heating and Cooling Baseboard, Forced Air
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

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    Neighborhood

    98122 (Seattle) Demographics

    32Median Age
    15,318Population Density (per sq. mile)
    72%College Educated
    $65,339 Estimated Median Income
    5,628Estimated Total Home Owners
    11,491Estimated Total Renters
    33% / 67%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    35,445Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $625,000 Median Sales Price
    37 Homes Sold
    49 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $10,500,000
        7/18/2019 3:01:31 PM Status Changed Source New Value: Pending
        6/20/2019 4:51:07 PM Status Changed Source New Value: Pending Feasibility
        6/11/2019 5:01:00 PM New in Database Source

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.