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Listing provided by NWMLS, courtesy of Lee & Associates Commercial RE

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Active
$1,449,000
/mo   Edit
MLS# 1560680
Multi-Family/Duplex
Built 1955
0.101 acres
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    Description:   Built in 1955, the building sits on 4, 440 sf of LR3 RC zoned land, consisting of 4 spacious units, two 2 bedroom 1 bath units, averaging 800 sf and two 1 bedroom units averaging 700. Amenities include common area laundry, individual storage units, and off-street parking. The front unit also features a large private deck space. Situated close to SPU Campus, Old Town Ballard and Fremont?s tech hub, the property provides an opportunity own a well located property with rental upside potential.

    Interior

    Approx. Sq Ft: 3,516 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Vinyl, Wall to Wall Carpet
    Amenities: Coin Op Laundry

    Utilities

    Water Company: Seattle Public Utilities
    Sewer: Available

    Location

    City: Seattle
    State: WA
    Zip Code: 98119
    Area: 700
    County: King
    School District: Seattle
    Latitude: 47.65168300
    Longitude: -122.36586700

    Building

    Year Built: 1955
    Roof: Flat
    Exterior: Brick, Wood Products
    Number of Units in Building: 4

    School

    School District: Seattle

    Lot

    View: Canal
    Lot Sq Ft: 4,400 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Queen Anne

    Rent

    Terms: Cash Out

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $10,078
    Insurance Expenses: 1200
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 0
    Total Expenses: 16017
    Tax Year: 2019
    Gross Scheduled Income: 75528
    Vacancy Rate: 4
    Gross Adjusted Income: 72507
    Total Expenses: 16017
    Net Operating Costs: 57114
    Gross Rent Multiplier: 19
    Total Monthly Income: 6294

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 800 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: Y
    Washer/Dryer Unit 1: N
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,850

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 800 ft²
    Bedrooms Unit 2: 2
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: N
    Washer/Dryer Unit 2: N
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,500

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 700 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: N
    Washer/Dryer Unit 3: N
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,495

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 700 ft²
    Bedrooms Unit 4: 4
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: N
    Washer/Dryer Unit 4: N
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,445

    Unit 5

    Sq Ft Unit 5: 0 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 0.00
    Fireplaces Unit 5: 0
    Rent Unit 5: None

    Unit 6

    Sq Ft Unit 6: 0 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 0.00
    Fireplaces Unit 6: 0
    Rent Unit 6: None

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    Listing provided by NWMLS, courtesy of Lee & Associates Commercial RE