525 E Roy Street

Multi-Family

525 E Roy St, SeattleWA 98102

Property Details

Location

Address
525 E Roy St, SeattleWA 98102
County
King
Submarket
CBA Capitol Hill/First Hill
Parcels
6848200380

Building Size

Building Size
7,525 SF
Rentable Space
7,525 SF

Building Details

Type
 Multi-Family
Number of Buildings
1
Number of Units
11
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
3
Year Built
1957
Year Renovated
1993
Sprinklers
Parking (Total Parking, Uncovered Parking)
6 , 6
Parking Ratio

Land & Utilities

Land (Acres)
0.13 Acres
Land (SF)
5,520 SF
Zoning
LR3 (M)
Lot Depth
Lot Width

Contacts

Current Listings

Corner Lot Apartments in Prime Capitol Hill

7,525 SF$3,950,000
Cap Rate: 4.07%

Located in Seattle’s desirable Capitol Hill neighborhood, 525 E Roy Street is within walking distance of Volunteer Park, Cal Anderson Park, and the abundance of shops and restaurants along the retail corridors of Broadway and 15th Avenue E. Also within walking distance are Downtown Seattle and South Lake Union, with their plethora of employment and entertainment options. Comprised of 11 apartments, this property offers an investor the opportunity to acquire a turnkey asset with stable cash flow and the likely potential for upside in the form of charging tenants for parking and raising rents to market upon turnover. With a marketable unit mix of 5 one-bedroom units, 5 two-bedroom homes, and a single studio, combined with the property’s substantial upgrades to plumbing, electrical, unit interiors, and addition of in-unit washer/dryers to 8 units, 525 E Roy Street will be an excellent acquisition.

Located in Seattle’s desirable Capitol Hill neighborhood, 525 E Roy Street is within walking distance of Volunteer Park, Cal Anderson Park, and the abundance of shops and restaurants along the retail corridors of Broadway and 15th Avenue E. Also within walking distance are Downtown Seattle and South Lake Union, with their plethora of employment and entertainment options. Comprised of 11 apartments, this property offers an investor the opportunity to acquire a turnkey asset with stable cash flow and the likely potential for upside in the form of charging tenants for parking and raising rents to market upon turnover. With a marketable unit mix of 5 one-bedroom units, 5 two-bedroom homes, and a single studio, combined with the property’s substantial upgrades to plumbing, electrical, unit interiors, and addition of in-unit washer/dryers to 8 units, 525 E Roy Street will be an excellent acquisition.

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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.

CBA

Source: Commercial Brokers Association (CBA)

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