2420 E Union St, Seattle, WA 98122

$975,000
3,340
SqFt

Listing courtesy of Pellego, Inc..

List Price
$975,000
Status
PENDING INSPECTION
MLS#
1610577
Days on Market
30
Style
54 - 4-Plex
Building Condition
['Very Good']
Finished SqFt
3,340
Lot Size (sq ft)
3,600

Property Description

Mixed-use Central District gem! Gorgeous main floor commercial unit: lined w/ windows, tall ceiling, open layout, storage, office. Was successful bookstore/community space. Top floor owner’s unit: 2bed+den, views, fir floors, gas heat, in-unit w/d. Two bsmnt studio apts. Can remodel back to residential/SFH. Positioned among surge of new construction, capitalize on the prime location, surrounded by amenities & next to downtown. 3,600sft lot (30’x120’) zoned NC2P-55 for dense future redevelopment.

Additional Information

List Date
2020-06-03 00:00:00
Community
Central Area
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1905
View
Territorial
Exterior
Cement Planked, Wood
Roof
Composition
School District
Seattle
Elementary School
Madrona K-8
Middle School
Meany Mid
High School
Garfield High
Total Monthly Income
$7,250
Gross Scheduled Income
$87,000
Vacancy Rate
5
Gross Adjusted Income
$82,650
Annual Taxes
$8,749
Tax Year
2020
Insurance Expense
$2,700
W/S/G Expenses
$1,200
Total Expenses
$13,249
Net Operating Income
$69,401
Gross Rent Multiplier
11
Cap Rate
7

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
300
Unit 1 Rent
$800
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$1,600
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
1030
Unit 3 Rent
$2,500
Unit 4 Size
1030
Unit 4 Rent
$2,350
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