Off-Market Condo at 417 E Pine St, Seattle, WA 98122
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417 E Pine St, Seattle, WA 98122

Unit - #309

$449,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $144 per day and long-term for an average of $2,184 per month, based on similar listings in the area. Estimated short-term cap rate of -1.0%. Estimated long-term cap rate of -4.0%. Portofino is your ideal urban landing pad with the vibrant pulse of downtown & Capitol Hill right outside your door. This iconic 1919 building is set in the midst of some of the city's best dining, shopping & nightlife. Take in stunning views of the city skyline from this bright & cheery corner unit. Super-tall ceilings & abundant windows let light pour in year-round to highlight an open layout, a wood-burning fireplace, newer appliances/water heater, in-unit laundry & freshly cleaned carpets. Savor views & sunsets from the community rooftop patios or leave the car in the designated (& gated) parking space to enjoy this lively neighborhood. Well-run HOA w/ secure lobby entry & no rental cap moments away from light rail & endless amenities.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$923
Rental Policy
daily
Yearly Taxes
$4309
Bedrooms
1
Bathrooms
1
SQFT
788
Furnished
N/A
Year built
1990
Listing Status
Off Market
MLS
2342907

Short-term Rental Potential
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$39,576

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$569

Price/SQFT

Long-term Rental Potential
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$26,208

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,184/mo

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