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Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors

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Sold
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$1,950,000  (list price)
$1,950,000
/mo   Edit
MLS# 1568832
Multi-Family/Duplex
Built 1967
0.399 acres
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    Description:   2 triplex buildings on separate tax parcels. Due to zoning changes the density has been increased and parking is no longer required on this site. The configuration of the lot lends itself well to maintaining the existing buildings and adding a row of town homes or an apartment building in front. Conversely, the property is priced such that one could purchase the 6 unit and run it as a 6 unit until such time they decide they want to take advantage of the unused development potential.

    Interior

    Approx. Sq Ft: 6,540 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Vinyl, Wall to Wall Carpet

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98125
    Area: 710
    County: King
    School District: Seattle
    Latitude: 47.72075300
    Longitude: -122.29010600

    Building

    Year Built: 1967
    Roof: Composition
    Exterior: Wood, Wood Products
    Number of Units in Building: 6

    School

    School District: Seattle

    Lot

    Lot Sq Ft: 17,400 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Lake City

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $16,473
    Insurance Expenses: 3300
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 6000
    Total Expenses: 35373
    Tax Year: 2019
    Gross Scheduled Income: 87120
    Vacancy Rate: 1
    Gross Adjusted Income: 86249
    Total Expenses: 35373
    Net Operating Costs: 50876
    Gross Rent Multiplier: 22
    Total Monthly Income: 7260

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 1,090 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.75
    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: $1,150

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 1,090 ft²
    Bedrooms Unit 2: 2
    Bathrooms Unit 2: 1.75
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: Y
    Washer/Dryer Unit 2: N
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,185

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 1,090 ft²
    Bedrooms Unit 3: 2
    Bathrooms Unit 3: 1.75
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: Y
    Washer/Dryer Unit 3: N
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,210

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 1,090 ft²
    Bedrooms Unit 4: 2
    Bathrooms Unit 4: 1.75
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: Y
    Washer/Dryer Unit 4: N
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,100

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 1,090 ft²
    Bedrooms Unit 5: 2
    Bathrooms Unit 5: 1.75
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Dishwasher Unit 5: Y
    Washer/Dryer Unit 5: N
    Fireplaces Unit 5: 0
    Rent Unit 5: $1,375

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 1,090 ft²
    Bedrooms Unit 6: 2
    Bathrooms Unit 6: 1.75
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Dishwasher Unit 6: Y
    Washer/Dryer Unit 6: N
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,140

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    Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors