1422 Boylston Ave

Seattle, WA 98122
$10,460,000
  • 2007 Year Built
  • 0.18 Acres

Property Highlights

Neighborhood:
Capitol Hill
Light Rail Distance:
0.44 mi (Capitol Hill Station)
Acreage:
0.18 acres
  • Property Description
    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.
  • Property Details
    • MLS ID:
      1470592
    • Area:
      Central Seattle
    • Community:
      Capitol Hill
    • County:
      King County
    • Flooring:
      Ceramic Tile, Hardwood, Wall to Wall Carpet
    • Lot Size:
      0.18 acres
    • Lot Style:
      Alley, Curbs, Paved Street, Sidewalk
    • Property Type:
      Multi-Family
    • Status:
      Sold
    • Year Built:
      2007
    • Web ID:
      PS272Q
  • Additional Highlights
    • Exterior:
      Cement/Concrete, Metal/Vinyl, Wood Products
    • Gross Income:
      $571,291
    • Heating / Cooling:
      Baseboard, Forced Air
    • Roofing:
      Flat
    • View:
      City, Mountain
    • Water Source:
      Public
  • Amenities
    • Site Features:
      Deck, Patio
  • Taxes and Fees
    • Taxes (Est):
      $86,000
    • Taxes (Year):
      2018
    • Total Operating Expense:
      $86,855

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Location

1422 Boylston Ave, Seattle Washington, 98122 United States

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In Capitol Hill and the surrounding communities, residents indulge in an eclectic mix of local restaurants, boutique shops, art galleries and recreation, all only minutes from the heart of the city. Parts of “the Hill” earmark a moment in time heralding the founders of Seattle, as it was popularly referred to as “Millionaires Row” in the early 1900s. While history is evident all over Capitol Hill, the area is also poised to the...

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1422 Boylston Ave, Seattle Washington, 98122 United States