Bought with John L. Scott, Inc.
$2,000,000
$1,995,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
3,900 SqFt
SOLD DATE : 06/30/2022
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $512
Subdivision Madison Valley
MLS Listing ID 1920453
Sold Date 06/30/22
Style 55 - 5-9 Units
Year Built 1983
Annual Tax Amount $14,363
Lot Size 4,287 Sqft
Property Description
Located at the edge of Seattle’s thriving Capitol Hill neighborhood, the Caldwell presents investors with the opportunity to own a turn-key investment property with an in-place 4.75% cap rate in one of the premier sub-markets in Seattle. The property is situated with south facing units less than a block off Madison- a main arterial providing a straight shot to Downtown. With functional 1- & 2-bed floorplans, including (3) townhouse units, the Caldwell capitalizes on the high demand for units with space for a home office. The rapid expansion of Amazon, Google, Meta and other tech giants in nearby SLU, along with the continued grown of Capitol Hill mainstays like Group Health, Swedish, and Seattle U provide demand for units at the Caldwell.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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