$3,195,000
525 E Roy Street, Seattle, WA 98102
9,986 Sq Ft
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525 E Roy Street, Seattle, WA 98102

MLS #2524172 / Listing provided by NWMLS & Kidder Mathews.

$3,195,000

525 E Roy Street
Seattle, WA 98102

Active 23 hours ago
9,986
Sq Ft
$320
Per Sq Ft
1957
Year Built

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 studio unit - average square footage of 684. Substantial building upgrades including major plumbing and electrical updates to most units, bathroom improvements to more than half of the units, dishwashers and updated kitchens in the two-bed units, and in-unit laundry in 9 of the 11 units. Desirable features including updated windows, secured entry, spacious floor plans with dining areas and large closets, scenic views from select units, and a common laundry room with 10 storage lockers.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 6
  • Total Uncovered Parking Spaces: 6

Structure

  • Roof: Flat
  • Exterior Features: Metal/Vinyl

Lot Details

  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.1267
Area Features

Schools

  • High School District: Seattle
  • High School: Garfield High
  • Middle School: Meany Mid
  • Elementary School: Lowell

Lot Details

  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.1267
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 13405
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Sandy Jones - THE JONES TEAM

Sandy Jones - THE JONES TEAM
Broker | REALTOR®

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