Property Details

525 E Roy St

Seattle, WA 98102

$3,195,000

Available

CBA# 712725 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

7,525

Bldg Sq Ft

Units

4.00%

Cap Rate

1957

Year Built

Property Overview

Excellent corner-lot Capitol Hill location within blocks of the Harvard-Belmont Landmark District, and walking distance to Downtown, South Lake Union, Volunteer Park, Cal Anderson Park, and the trendy retail corridors of Broadway, Pike/Pine, and 15th Ave E. Turnkey opportunity with stable occupancy and a 5.4% cap rate and 11.5 GRM. Walker’s Paradise Walk Score of 90 – incredible walking access to an abundance of restaurants, shops, grocery stores, parks, Link light rail station, and multiple bus routes.Upside potential – likely opportunity to raise rents to market levels and increase charges for parking and utility bill-backs to achieve a 5.8% cap rate and 10.8 GRM.Parking spaces for 6 vehicles.Excellent unit mix featuring five 2-bed/1-bath units, five 1-bed/1-bath units, and one stud