2003 Franklin Ave E $4,527,500

    Close

    2003 Franklin Ave E Seattle, WA 98102

    • 0 Beds
    • 0 Baths
    • 10,800 sq.ft.
    • Multi-Family
    Listing# 1501194
    SOLD 11/19/2019

    $4,527,500

    Days On Market: 23 24 Views
    Add to Favorites Share

    Property Details

    Extensive value add opportunity in an A+ Eastlake location. The Penn Apartments offer 10 spacious corner units with private patios and views of the lake and skyline. Building also offers 4 highly sought-after garage spaces and 7 open parking spaces. Walk to both the CBD and SLU employment centers and enjoy uncountable neighborhood amenities.

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Square Footage 6,600
      • Number of Stories 3
      • Number of Units 10
      • Style 56-10+ Units
      • Year Built 1968
    • Building Features
      • Roof Flat
      • Exterior Cement/Concrete, Wood, Wood Products
      • Amenities Coin Op Laundry
      • Approx SqFt 10,800
      • Foundation Poured Concrete
    • Financials
      • Total Monthly Income $22,080
      • Net Operating Income $192,336
      • Gross Scheduled Income $264,960
      • Gross Adjusted Income $257,011
      • Total Expenses $64,675
      • Other Expenses $13,500
      • Insurance Expenses $5,583
      • Expenses $64,675
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 16
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $30,036
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

    Neighborhood

    98102 (Seattle) Demographics

    33 Median Age
    18,671 Population Density (per sq. mile)
    79% College Educated
    $77,356 Estimated Median Income
    4,333 Estimated Total Home Owners
    10,232 Estimated Total Renters
    30% / 70% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    24,030 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $675,000 Median Sales Price
    37 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/19/2019 12:00:00 AM Sold Source New Value: $4,527,500
        8/20/2019 4:31:15 PM Status Changed Source New Value: Pending

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.

        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.