Seattle, WA 98102,1310 E Thomas ST
Seattle, WA 98102,1310 E Thomas ST
Seattle, WA 98102,1310 E Thomas ST
8
Listed by Kidder Mathews
Bought with ZNonMember-Office-MLS
$8,527,000
$9,695,000
12.0%
Est.Price: ?

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19,210 SqFt

1310 E Thomas ST Seattle, WA 98102

Est. payment /mo
SOLD DATE : 09/07/2023

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Key Details

Sold Price $8,527,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 19,210 sqft

Price per Sqft $443

Subdivision Capitol Hill

MLS Listing ID 2055635

Sold Date 09/07/23

Style 56 - 10+ Units

Year Built 1967

Annual Tax Amount $64,392

Lot Size 0.311 Acres

Property Description

Situated in one of the best pockets of Capitol Hill, this property is a turnkey apartment community featuring 20 spacious, fully renovated units. It's walkable location near transit, employers, and neighborhood amenities makes it an interesting and desirable place to live. Appealing features include large floor plans, off-street parking, and an abundance of updates, such as in-unit laundry, new roof, full unit renovations, and recently replaced hot water heaters. Further, the property's 20 unit size should generate nearly $60,000 in monthly rent and supports complete professional management. With full management, market taxes, and current and trending rents, 1310 E Thomas should perform at a 5.4% cap rate and a 13.1 GRM.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Stucco

Amenities Available Deck, Fenced-Partially

Waterfront No

View Y/N Yes

View City, Partial

Roof Type Flat

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Lowell

Middle Schools Meany Mid

High Schools Garfield High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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Melissa Kenady

Broker | License ID: 21024227

+1(509) 860-3753

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