718 Cherry St $7,649,000

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    718 Cherry St Seattle, WA 98104

    • 0 Beds
    • 0 Baths
    • 13,720 sq.ft.
    • Multi-Family
    Listing# 1529612 | Active
    Days On Market: 10 14 Views
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    Property Details

    This 30 unit community (29 units + 1 commercial space) provides an excellent opportunity to own an apartment in Seattle’s core market located one block east of downtown. 97 Walk Score and 100 Transit Score. This neighborhood is going through significant redevelopment with luxury apartments, senior assisted living facilities, expansion of major medical centers including Swedish Hospital and medical Center, and Harborview Hospital as well as the development of many highrise office developments.

    • General Features
      • County King
      • County King
      • Lot Square Footage 7,200
      • Number of Stories 4
      • Number of Units 30
      • Style 56-10+ Units
      • Year Built 1902
    • Building Features
      • Roof Flat
      • Exterior Wood, Wood Products
      • Amenities Coin Op Laundry
      • Approx SqFt 13,720
      • Floor Covering Hardwood
    • Financials
      • Total Monthly Income $44,553
      • Net Operating Income $386,549
      • Gross Scheduled Income $576,703
      • Gross Adjusted Income $559,402
      • Total Expenses $172,854
      • Other Expenses $76,482
      • Insurance Expenses $9,000
      • Expenses $172,854
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 13
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $57,368
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle

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    Neighborhood

    98104 (Seattle) Demographics

    39Median Age
    18,050Population Density (per sq. mile)
    44%College Educated
    $34,022 Estimated Median Income
    836Estimated Total Home Owners
    6,693Estimated Total Renters
    11% / 89%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    13,989Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $510,000 Median Sales Price
    6 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: $7,649,000
        10/10/2019 5:32:00 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.