5201 19 Ave NE

Multi-Family

5201 19th Ave NE, SeattleWA 98105

Property Details

Location

Address
5201 19th Ave NE, SeattleWA 98105
County
King
Submarket
CBA U-District
Parcels
8823900180

Building Size

Building Size
4,850 SF
Rentable Space
4,850 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
16
Occupancy Type
Multi-tenant
Number of Tenants
16
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
4
Year Built
1911
Year Renovated
1985
Sprinklers
Parking (Total Parking, Uncovered Parking)
5 , 5
Parking Ratio

Land & Utilities

Land (Acres)
0.15 Acres
Land (SF)
6,490 SF
Zoning
SF5000
Lot Depth
Lot Width

Contacts

Current Listings

16 Bed Rooming House in UDistrict

$2,700,000
Cap Rate: 4.72%

Excellent rooming house investment property in the U-District. This well maintained 16 bedroom, 7 half bath, 6 shower, 2 kitchen rental is located 3 blocks from the UW campus along greek row. Plenty of transit options. Alley accessed off street parking stalls for 5 vehicles. Walk score of 87. Leased for $12,000/month through 8/15/23. Tenant pays all utilities. 4.72% Cap Rate. Prior to Covid rents were $13,600/month (5.43% Cap) with plans to increase to $14,400/month (5.79% Cap) summer of 2020. Newer roof, sewer line, water heaters, furnaces, & commercial grade carpet. Rare U-District rooming house investment opportunity.

Excellent rooming house investment property in the U-District. This well maintained 16 bedroom, 7 half bath, 6 shower, 2 kitchen rental is located 3 blocks from the UW campus along greek row. Plenty of transit options. Alley accessed off street parking stalls for 5 vehicles. Walk score of 87. Leased for $12,000/month through 8/15/23. Tenant pays all utilities. 4.72% Cap Rate. Prior to Covid rents were $13,600/month (5.43% Cap) with plans to increase to $14,400/month (5.79% Cap) summer of 2020. Newer roof, sewer line, water heaters, furnaces, & commercial grade carpet. Rare U-District rooming house investment opportunity.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

Source: Michael Brewer

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