Junior Apartments, available to the market for the first time, presents an opportunity to own a top-quality multifamily asset in Seattles desirable Central District. Built by an experienced homebuilder, the thoughtful unit layouts & high-quality construction make Junior an attractive option for tenants & low-maintenance asset for new ownership. Comprised of 8 one-bedroom units approx 393SF & 2 studios approx 366SF, Junior presents premium compact units preferred by young professionals. Units feature A/C, dishwashers, in-unit laundry & balconies. Additionally, the units on the topfloor each have their own private rooftop deck. Located just a stones-throw away from Swedish Hospital, Seattle University, Capitol Hill & DT Seattle.
Property Features
Bedrooms
Interior Features
- Ceramic Tile
- Flooring: Ceramic Tile, Vinyl Plank
Heating and Cooling
- Cooling Features: Ductless HP-Mini Split, Wall
- Heating Features: Ductless HP-Mini Split, Wall
- Heating Fuel: Electric
- Heating: Yes
Bathrooms
Exterior and Lot Features
- Cement/Concrete
- Cement Planked
- Wood Products
Land Info
- Lot Size Acres: 0.1170799
- Lot Size Square Feet: 5100
Garage and Parking
- Open Parking Spaces: 7
- Open Parking: Yes
- Parking Total: 7
- Uncovered Spaces: 7
Rental Info
- Gross Scheduled Income: 210000
- Leasable Area: 3873
- Leasable Area Units: Square Feet
Multi-Unit Info
- Number of Units: 10
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 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
- 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 Square Feet: 356
- Unit-2 Square Feet: 385
- Unit-3 Square Feet: 331
- Unit-4 Square Feet: 390
- Unit-5 Square Feet: 385
- Unit-6 Square Feet: 386
- Unit-7 Square Feet: 416
- Unit-8 Square Feet: 410
- Unit-9 Square Feet: 414
- Unit-10 Square Feet: 400
- Unit 1 Total Actual Rent: 1800
- Unit 2 Total Actual Rent: 1800
- Unit 3 Total Actual Rent: 1550
- Unit 4 Total Actual Rent: 1800
- Unit 5 Total Actual Rent: 1800
- Unit 6 Total Actual Rent: 1800
- Unit 7 Total Actual Rent: 1800
- Unit 8 Total Actual Rent: 1800
- Unit 9 Total Actual Rent: 1800
- Unit 10 Total Actual Rent: 1550
School Information
- High School District: Seattle
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Cable TV
- High Speed Internet
- Annual Tax Amount: 24204
- Source Listing Status: Pending
- Country Region: US
- County: King
- Cap Rate: 4.21
- Directions: 23rd ave to Cherry Street, right on Cherry, left on 22nd ave
- Tax Year: 2024
- Other Expense: 30077
- Source Property Type: Multi-Family
- Insurance Expense: 3500
- Area: 390 - Central Seattle
- List Development Name: Central Area
- Source Neighborhood: Central Area
- Parcel Number: 9126101011
- Street Suffix Modifier: Avenue
- Subdivision: Central Area
- Source System Name: C2C
- Buyer Agent Commission: 2
Commercial Info
- Net Operating Income: 142631
- Operating Expense: 66694
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Public
Building and Construction
- Building Area Total: 3873
- Building Area Units: Square Feet
- Building Name: Junior Apartments
- Living Area Units: Square Feet
- Property Age: 7
- Property Condition: Very Good
- Roof: Flat
- Building Total Stories: 4
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
