$2,375,000 Price Analysis    ♡   Seattle, WA 98108 Unknown bed None bath 7,584 SqFt ($313/SqFt) 0.28 acre lot. Built 1959 Listed 2024-06-11, Taxes $24,471 | Ⓧ USDA Ineligible due to price & location near Seattle |
Well maintained and upgraded throughout current ownership
Tara has undergone some improvements over recent years. Featuring a desirable unit mix of twelve 1-bedrooms averaging 632 SF, renovations include new flooring and kitchen cbinets and counter tops, in five of the twelve units, along with new bathroom cabinets and sinks in two of the twelve, ensuring higher comfort and functionality for current and future residents.
Boasting a footprint of 12, 230 SF, zoned NC1-55 and steps away from the brand new and currently under construction Mercer International Middle School, Tara Apartments offers significant future redevelopment potential. Positioned within the ever-growing and primely positioned Beacon Hill submarket.
Presented by Christopher Larsen at
Lee & Associates Commercial RE.
Property MLS #2250332 from NWMLS
Wall to Wall Carpet
Flooring: Vinyl Plank, Wall to Wall Carpet
Flooring: Vinyl Plank, Wall to Wall Carpet
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Wood Products
Lot Description: Paved Street, Sidewalk
Lot Size Acres: 0.2808
Lot Size Square Feet: 12230
Lot Size Acres: 0.2808
Lot Size Square Feet: 12230
Open Parking Spaces: 12
Open Parking: Yes
Parking Total: 12
Open Parking: Yes
Parking Total: 12
Basement
Elementary School: Maple
High School: Franklin High
High School District: Seattle
Middle School: Mercer Mid
High School: Franklin High
High School District: Seattle
Middle School: Mercer Mid
Mercer Middle School is a public middle school located approximately 0 miles away.
Map directions
Map directionsMaple Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions
Map directionsFranklin High School is a public high school located approximately 1.2 miles away.
Map directions
Map directionsSt George Parish School is a private elementary and middle school located approximately 0.6 miles away.
Map directions
Map directionsGross Scheduled Income: 198480
Leasable Area: 7584
Leasable Area Units: Square Feet
Leasable Area: 7584
Leasable Area Units: Square Feet
Number of Units: 12
Unit Features: Unit 10 BedsTotal: 1, Unit 10 BathsTotal: 1, Unit 10 SquareFeet: 632, Unit 10 ActualRent: 1600, Unit 10 UnitDescription: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Unit-1 Description: 12
Unit-2 Description: 11
Unit-3 Description: 10
Unit-4 Description: 9
Unit-5 Description: 8
Unit-6 Description: 7
Unit-7 Description: 6
Unit-8 Description: 5
Unit-9 Description: 4
Unit-10 Description: 3
Unit-1 Square Feet: 632
Unit-2 Square Feet: 632
Unit-3 Square Feet: 632
Unit-4 Square Feet: 632
Unit-5 Square Feet: 632
Unit-6 Square Feet: 632
Unit-7 Square Feet: 632
Unit-8 Square Feet: 632
Unit-9 Square Feet: 632
Unit-10 Square Feet: 632
Unit 1 Total Actual Rent: 1595
Unit 2 Total Actual Rent: 900
Unit 3 Total Actual Rent: 900
Unit 4 Total Actual Rent: 1650
Unit 5 Total Actual Rent: 1500
Unit 6 Total Actual Rent: 1700
Unit 7 Total Actual Rent: 1400
Unit 8 Total Actual Rent: 1300
Unit 9 Total Actual Rent: 1100
Unit 10 Total Actual Rent: 1600
Unit Features: Unit 10 BedsTotal: 1, Unit 10 BathsTotal: 1, Unit 10 SquareFeet: 632, Unit 10 ActualRent: 1600, Unit 10 UnitDescription: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Unit-1 Description: 12
Unit-2 Description: 11
Unit-3 Description: 10
Unit-4 Description: 9
Unit-5 Description: 8
Unit-6 Description: 7
Unit-7 Description: 6
Unit-8 Description: 5
Unit-9 Description: 4
Unit-10 Description: 3
Unit-1 Square Feet: 632
Unit-2 Square Feet: 632
Unit-3 Square Feet: 632
Unit-4 Square Feet: 632
Unit-5 Square Feet: 632
Unit-6 Square Feet: 632
Unit-7 Square Feet: 632
Unit-8 Square Feet: 632
Unit-9 Square Feet: 632
Unit-10 Square Feet: 632
Unit 1 Total Actual Rent: 1595
Unit 2 Total Actual Rent: 900
Unit 3 Total Actual Rent: 900
Unit 4 Total Actual Rent: 1650
Unit 5 Total Actual Rent: 1500
Unit 6 Total Actual Rent: 1700
Unit 7 Total Actual Rent: 1400
Unit 8 Total Actual Rent: 1300
Unit 9 Total Actual Rent: 1100
Unit 10 Total Actual Rent: 1600
Calculated Total Monthly Association Fees: 0
Annual Tax Amount: 23356
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.86
Directions: Located between 15th Ave S and 16th Ave S
Tax Year: 2024
Other Expense: 26066
Source Property Type: Multi-Family
Insurance Expense: 13385
Area: 385 - SODO/Beacon Hill
List Development Name: Beacon Hill
Source Neighborhood: Beacon Hill
Parcel Number: 3679400870
Street Suffix Modifier: Avenue
Subdivision: Beacon Hill
Source System Name: C2C
Buyer Agent Commission: 2.5
Source Listing Status: Active
Country Region: US
County: King
Cap Rate: 4.86
Directions: Located between 15th Ave S and 16th Ave S
Tax Year: 2024
Other Expense: 26066
Source Property Type: Multi-Family
Insurance Expense: 13385
Area: 385 - SODO/Beacon Hill
List Development Name: Beacon Hill
Source Neighborhood: Beacon Hill
Parcel Number: 3679400870
Street Suffix Modifier: Avenue
Subdivision: Beacon Hill
Source System Name: C2C
Buyer Agent Commission: 2.5
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $1,184,100 + $1,589,900 $2,774,000 | $24,471 |
| 2022 | $1,051,100 + $1,589,900 $2,641,000 | $25,159 |
| 2021 | $961,100 + $1,589,900 $2,551,000 | $25,472 |
| 2020 | $991,600 + $1,406,400 $2,398,000 | $23,732 |
| 2019 | $698,000 + $1,223,000 $1,921,000 | $17,396 |
| 2018 | $518,800 + $917,200 $1,436,000 | $15,120 |
| 2017 | $454,100 + $794,900 $1,249,000 | $12,816 |
| 2016 | $274,400 + $672,600 $947,000 | $10,139 |
| 2015 | $365,700 + $550,300 $916,000 | $9,548 |
| 2014 | $276,700 + $550,300 $827,000 | $9,466 |
| 2013 | $273,700 + $550,300 $824,000 | $9,526 |
| 2012 | $149,700 + $550,300 $700,000 | $7,187 |
| 2011 | $371,700 + $550,300 $922,000 | $7,464 |
| 2009 | $534,800 + $489,200 $1,024,000 | $8,753 |
| 2007 | $657,100 + $366,900 $1,024,000 | $9,957 |
Listed 2024-06-11
$2,375,000
NWMLS
$2,375,000
NWMLS
Net Operating Income: 115373
Operating Expense: 74378
Operating Expense: 74378
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Community
Sewer: Sewer Connected
Water Source: Community
Building Area Total: 7584
Building Area Units: Square Feet
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 65
Roof: Flat
Building Total Stories: 2
Structure Type: Multi Family
House Style: 10+ Units
Elevation Units: Feet
Year Built Effective: 1988
Building Area Units: Square Feet
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 65
Roof: Flat
Building Total Stories: 2
Structure Type: Multi Family
House Style: 10+ Units
Elevation Units: Feet
Year Built Effective: 1988
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.