2400 S Hill Street, Seattle, WA 98144

$5,950,000
7,427
SqFt

Listing courtesy of COMPASS.

List Price
$5,950,000
Status
ACTIVE
MLS#
2180040
Days on Market
23
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
7,427
Area Total SqFt
7427
Annual Tax Ammount
19327
Lot Size (sq ft)
4,500
Sewer
Sewer Connected
Bank Owned
Yes

Property Description

2400 South Hill Street is a combination of the original 6-unit building built in 1959 and an 8-unit building built in 2021. No expenses have been spared in the construction of the new building and the maintenance of the existing 6-unit complex. This property is in a very convenient location for public transit, daily necessities, and for everyday commuting. The 1959 built building has 2-2 bedroom units and 4 1 bedroom units. The 2021 built building has 4-studio apartments and 4-1 bedroom units. There are 2 coin operated w/d units in the laundry room that generate income. The area surrounding the property has experienced a lot of development and is flourishing.

Additional Information

List Date
2023-11-14 18:09:10
Community
Seattle
Gross Scheduled Income
$240,600
Total Monthly Income
$20,050
Insurance Expenses
$4,477
Water/Sewer/Garbage Expenses
$10,800
Total Expenses
$36,404
Vacancy Rate
14
Total Number of Units
14
Unit Name
2400
Potential Terms
Cash Out, Conventional
Year Built
2021
View
Territorial
Roof
Flat
Site Features
Cable TV, Fenced-Partially, Gated Entry
Electric Expenses
1800
Energy Source
Electric
School District
Seattle
Total Monthly Income
$20,050
Gross Scheduled Income
$240,600
Vacancy Rate
14
Tax Year
2023
Insurance Expense
$4,477
W/S/G Expenses
$10,800
Total Expenses
$36,404
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