Off-Market Condo at 1425 Western Ave, Seattle, WA 98101
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Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $310 per day and long-term for an average of $3,756 per month, based on similar listings in the area. Estimated short-term cap rate of 0.1%. Estimated long-term cap rate of -4.1%. Architecturally significant, Hillclimb Court, sits between the historic Pike Place Market & Seattle’s new Waterfront Park. Architectural aficionados have long appreciated the steel, concrete & glass design of this AIA award winning building. Townhouse #108 now enjoys direct Ferris Wheel & Ferry views from both bedrooms. Renovated by renowned interior designer, Gregory Carmichael, featuring Calcutta Gold marble, Miele appls, rift cut oak cabinets, tile & light-colored wide plank floors, cold-rolled steel stairs, wood-burning fplc w/ a milestone surround & a double-height ceiling of 18+ft in the living room. An abundance of dappled light & natural light streams in from the west. One parking space w/ EV charging / 1 storage unit & rare A/C.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$1632
Rental Policy
daily
Yearly Taxes
$5886
Bedrooms
2
Bathrooms
2
SQFT
1,045
Furnished
N/A
Year built
1982
Listing Status
Off Market
MLS
2332483

Short-term Rental Potential
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$81,960

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$837

Price/SQFT

Long-term Rental Potential
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$45,072

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,756/mo

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