2111 E Pine St

Multi-Family: Flat

2115 E Pine St, SeattleWA 98122

Property Details

Location

Address
2115 E Pine St, SeattleWA 98122
County
King
Submarket
CBA Capitol Hill/First Hill
Parcels
7228500896

Building Size

Building Size
1,800 SF
Rentable Space
1,800 SF

Building Details

Type
 Multi-Family: Flat
Number of Buildings
1
Number of Units
2
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
1905
Sprinklers
No
Parking (Covered Parking, Uncovered Parking)
0, 0
Parking Ratio
Heated
Yes

Land & Utilities

Land (Acres)
0.05 Acres
Land (SF)
2,004 SF
Zoning
RSL (M)
Lot Depth
Lot Width

Contacts

Current Listings

2115 E Pine St

$875,000
Cap Rate: 4.85%

Just listed the Capitol Hill Duplex, excellent location surrounded by residential housing with the walkability to be the heart of Capitol Hill, the beautiful neighborhood of Madrona or the newly emerging Union retail district. Owner just spent $120K on a new roof, new siding, new exterior paint and new landscaping for the property. Units consist of a large classic 3x1 (1,200 ft) and Studio (550 ft). The 3x1 is currently vacant with new paint, carpet and an updated bathroom. Market operations at a 4.3% and with renovations up to 5%. A great opportunity to owner occupy. Near several bus lines and plenty of off street parking can let tenant easily commute to DT, to the Eastside. Rents are actual financials are proforma.

Just listed the Capitol Hill Duplex, excellent location surrounded by residential housing with the walkability to be the heart of Capitol Hill, the beautiful neighborhood of Madrona or the newly emerging Union retail district. Owner just spent $120K on a new roof, new siding, new exterior paint and new landscaping for the property. Units consist of a large classic 3x1 (1,200 ft) and Studio (550 ft). The 3x1 is currently vacant with new paint, carpet and an updated bathroom. Market operations at a 4.3% and with renovations up to 5%. A great opportunity to owner occupy. Near several bus lines and plenty of off street parking can let tenant easily commute to DT, to the Eastside. Rents are actual financials are proforma.

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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.

BROKER

Source: CBA

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