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About the Listing 7192 - 7208
Clear & Present 8.0 Cap Rate ~ Welcome to Madison Manor. Quintessential high occupancy/ high cap/ low cost UW Greek Row 18-Unit. Leased to same group w/ zero vacancy 5+ years & pre-leased till August 2027 w/ All Deposits & Cosigners. Numbers shown in Listing are 2025 actual. Exemplary condition: four levels sprinkler system serviced yearly, all newer double windows, commercial furnace 2022, all copper inside, good electrical panel/ wiring/ roof/ commercial water tank, RRIO certified by city Dec 2023, pro exterior paint 2019, new kitchens & baths & flooring 2020, full Inspection Reports available. Madison Manor retains 80+% of GSI year after year, by UW Main Entrance w/ prestige of high demand for 17th Boulevard Greek Row. Smart groups seek the giant front porch & formal entry hall, high ceilings & heavy wood trim, grand box beam living room adjacent to main kitchen, wide staircases & open landings, 2nd Kitchen/ 2nd Entry for Duplex Use, paved alley w/ 4 parking stalls, etc. Key Factor is Room Size: 3 medium + 15 giant Bedroom's, some 200+ sqft, some w/ dual sleeping alcoves, all to attract & retain this proven 2025-2026-2027 $1192/m per unit. Prior 2025 Buyer applied for 25% Down; was approved @ 40% Down/ 7.0% IR fixed for 30 yrs. This DSCR Loan is appraised & avail to you = turn key 8-10% cash flow & ROI. Other comm loans avial too. It's unusual to see zero vacancy & NOI at 80% over five years, for Madison Manor it's business as usual by the University.
Listing Highlights
Status
Active
Days on Site
177
Property Type
Multi-Family
MLS ®
2427494
Year Built
1909
Total Square Footage
5,186
Lot/Acreage
0.1
County
King
Building Name
University Park Add
Neighborhood
University District
Area
710 - North Seattle
School District
Seattle
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Seattle
Exterior Details
- Lot Description: Alley,Curbs,Paved,Sidewalk,Fenced-Partially,Gas Available,High Speed Internet,Sprinkler System
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 40 x 108
- Roof: Composition,Torch Down
- Others: Wood,Good
- Sewer: Seattle
Financial Details
- Tax Amount: $16,063
- Taxes w/Assessments: N/A
- Tax/Property ID: 8823901845
- Tax Year: 2025
Payment Calculator
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Questions About..
4738 17th Ave NE Seattle, WA 98105
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