Off-Market Condo at 76 Cedar St, Seattle, WA 98121
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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 $220 per day and long-term for an average of $2,558 per month, based on similar listings in the area. Estimated short-term cap rate of 2.2%. Estimated long-term cap rate of -3.1%. Gorgeous south-facing unit flooded with natural light in one of Belltown's finest buildings! Open concept with large living area, expansive fully-equipped granite-countertopped Pullman kitchen with good-sized island - gorgeous outlook from dining room to the spacious balcony, gracious formal entry, generous sleeping alcove and sizable office / flex space, plus in-unit washer/dryer! Community amenities include 24-hour concierge, gym, spectacular view rooftop deck, gym, party room, and guest suite for visitors! Garage parking AND a separate storage unit! In the quiet part of Belltown, close to the best of Belltown & the Denny Triangle, Seattle Center, the Olympic Sculpture Park, many mass transit options, and just 5 blocks to the Waterfront!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$805
Rental Policy
daily
Yearly Taxes
$4363
Bedrooms
1
Bathrooms
1
SQFT
880
Furnished
N/A
Year built
2008
Listing Status
Off Market
MLS
2353079

Short-term Rental Potential
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$57,612

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$578

Price/SQFT

Long-term Rental Potential
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$30,696

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,558/mo

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