1422 Boylston Ave, Seattle, WA 98122 | 1470592 | Berkshire Hathaway HomeServices Northwest Real Estate  

1422 Boylston Ave $10,460,000

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    1422 Boylston Ave Seattle, WA 98122

    Sold
    SOLD 9/30/2019

    $10,460,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • Multi-Family
    • Listing# 1470592
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    Views: 165

    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
      • County King
      • Lot Details Alley, Curbs, Paved Street, Sidewalk
      • Lot Square Footage 7,666
      • Number of Stories 7
      • Number of Units 23
      • Site Features Cable TV, Deck, High Speed Internet, Patio
      • Style 56-10+ Units
      • View City, Mountain, Territorial
      • Year Built 2007
    • Building Features
      • Roof Flat
      • Exterior Cement/Concrete, Metal/Vinyl, Wood Products
      • Approx SqFt 0
      • 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

    Neighborhood

    98122 (Seattle) Demographics

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

    Market Last 30 Days In This Postal Code

    $826,500 Median Sales Price
    30 Homes Sold
    57 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/30/2019 12:00:00 AM Sold Source New Value: $10,460,000

        About

        Melissa Taka Kershner

        Melissa Taka Kershner

        More information about me.

        About

        Greg Bowyer

        Greg Bowyer

        More information about me.

        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, 2020. 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.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.