2003 Franklin Ave E $4,500,000

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    2003 Franklin Ave E Seattle, WA 98102

    • 0 Beds
    • 0 Baths
    • 10,800 sq.ft.
    • Multi-Family
    Listing# 1501194 | Pending

    $4,500,000

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    Days On Market: 15 0 Views
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    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
      • Style 56-10+ Units
      • Number of Stories 3
      • Number of Units 10
      • Year Built 1968
      • Lot Square Footage 6,600
      • County King
    • Building Features
      • Approx SqFt 10,800
      • Roof Flat
      • Exterior Cement/Concrete, Wood, Wood Products
      • Amenities Coin Op Laundry
    • 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

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    Neighborhood

    98102 (Seattle) Demographics

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

    Market Last 30 Days

    $575,000 Median Sales Price
    43 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: $4,500,000
        8/20/2019 4:31:15 PM Status Changed Source New Value: Pending
        8/5/2019 4:11:00 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.