621 Malden AVE E Active Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98112
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,806 sqft
Price per Sqft $694
Subdivision Capitol Hill
MLS Listing ID 2324641
Style 52 - Duplex
Bedrooms 10
HOA Fees $4/ann
Year Built 2022
Annual Tax Amount $17,760
Lot Size 2,023 Sqft
Property Sub-Type Multi-Family
Property Description
Highly Successful Airbnb property in North Capitol Hill. Custom design & built 2022.(Guests Unaware so drive by but do not approach bldg). Giant Duplex/ADU: 8-BR/8-Bath + 2-BR/1-Bath. High occupancy finishes + commercial systems to mid-rise code: fully sprinklered, 2 hour fire walls int & ext, elec heat pump hot water, 1.5" supply, etc. In a city w/ $150-$1000+ hotels, Owner/ BnB Manager built loyal guests @ $60-$120+, see Game of Thrones/ House of the Dragon decor & marketing theme. List price incl all furniture, linens, furnished kitchens & intellectual properties. Short term rental use phased in 2024, now 2025 reso's are soaring. $247K GAI 2024, charting $296K GSI/ $164K NOI/ 8.4 Cap in 2025. Exc BnB prop loans @ 7.0%. More info Avail.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Flooring Vinyl Plank
Exterior
Exterior Feature Cement Planked
Amenities Available Cable TV,Fenced-Partially,Rooftop Deck
View Y/N Yes
View City,Territorial
Roof Type Composition
Building
Lot Description Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional