1106 16th Ave $3,350,000

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    1106 16th Ave Seattle, WA 98122

    • 0 Beds
    • 0 Baths
    • 7,842 sq.ft.
    • Multi-Family
    Listing# 1496340 | Pending Feasibility
    Days On Market: 106 14 Views
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    Property Details

    The Eleanor Apartments represents a rare opportunity to acquire a value-add investment property in one of Seattle’s most desirable neighborhoods. Built in 1956 and owned by the current ownership group for 28 years, the Eleanor provides significant value-add opportunity through interior unit renovation and rent lift to market. Two recently renovated units offer immediate rental upside without further investment. Amenities include six parking stalls, common laundry room, storage, and garden area.

    • General Features
      • County King
      • County King
      • Lot Square Footage 7,200
      • Number of Stories 3
      • Number of Units 14
      • Selling Office Commission 2.5
      • Style 56-10+ Units
      • Year Built 1956
    • Building Features
      • Roof Compostion
      • Exterior Brick, Wood
      • Amenities Coin Op Laundry, Storage
      • Approx SqFt 7,842
    • Financials
      • Total Monthly Income $14,692
      • Net Operating Income $96,773
      • Gross Scheduled Income $178,632
      • Gross Adjusted Income $169,700
      • Total Expenses $74,547
      • Other Expenses $31,066
      • Insurance Expenses $3,538
      • Expenses $74,547
      • Heating Expenses $4,869
      • Electrical Expenses $4,869
      • Gross Rent Multiplier 19
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $25,336
      • Energy Source Electric
      • Heating and Cooling Radiator
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

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    Neighborhood

    98122 (Seattle) Demographics

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

    Market Last 30 Days

    $785,000 Median Sales Price
    35 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,350,000
        9/18/2019 8:41:53 AM Status Changed Source New Value: Pending Feasibility
        8/27/2019 2:01:07 PM Status Changed Source New Value: Active
        8/12/2019 10:31:17 AM Status Changed Source New Value: Pending
        7/30/2019 5:11:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. 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, 2019. 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.