For Sale, USD 2,600,000
4738 17th Ave NE, Seattle, WA 98105, USA, Seattle, Washington, United States
Property Type : Single Family Home
Property Style : N/A
Build Size : 5,186 ft² / 482 m²
Land Size : N/A
Bedroom : 18
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
Clear and Present eight point zero Cap Rate ~ Welcome to Madison Manor. Quintessential high occupancy/ high cap/ low cost University of Washington Greek Row eighteen-unit. Leased to the same group with zero vacancy for five plus years and pre-leased until August twenty twenty-seven with all deposits and cosigners. Numbers shown in Listing are twenty twenty-five actual. Exemplary condition: four levels sprinkler system serviced yearly, all newer double windows, commercial furnace twenty twenty-two, all copper inside, good electrical panel/ wiring/ roof/ commercial water tank, RRIO certified by city December twenty twenty-three, professional exterior paint twenty nineteen, new kitchens and bathrooms and flooring twenty twenty, full Inspection Reports available. Madison Manor retains eighty plus percent of Gross Scheduled Income year after year, by University of Washington Main Entrance with prestige of high demand for seventeenth Boulevard Greek Row. Smart groups seek the giant front porch and formal entry hall, high ceilings and heavy wood trim, grand box beam living room adjacent to main kitchen, wide staircases and open landings, second kitchen/ second entry for Duplex Use, paved alley with four parking stalls, etc. Key Factor is Room Size: three medium plus fifteen giant bedrooms, some two hundred plus square feet, some with dual sleeping alcoves, all to attract and retain this proven twenty twenty-five- through -twenty-six- through -twenty-seven one thousand one hundred ninety-two dollars per month per unit. Prior twenty twenty-five buyer applied for twenty-five percent down; was approved at forty percent down/ seven point zero percent interest rate fixed for thirty years. This Debt Service Coverage Ratio Loan is appraised and available to you equals turn key eight to ten percent cash flow and Return on Investment. Other commercial loans available too. It is unusual to see zero vacancy and Net Operating Income at eighty percent over five years; for Madison Manor it is business as usual by the University.
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4738 17th Ave NE, Seattle, WA 98105, USA, United States,Washington,Seattle is a 5,186ft² Seattle luxury Single Family Home listed for sale USD 2,600,000. This high end Seattle Single Family Home is comprised of 18 bedrooms and 0 baths. Find more luxury properties in Seattle or search for luxury properties for sale in Seattle.