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Listing provided by NWMLS, courtesy of Paragon Real Estate Advisors

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Pending
$995,000
/mo   Edit
MLS# 1578223
Multi-Family/Duplex
Built 1942
0.08 acres
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    Description:   Big PRICE reduction! Under 1mil on Queen Anne Hill with stunning panoramic views of Lake Union. Built in 1942, this 2, 510 SF wood-framed building features a full daylight basement and is comprised of 1 - 2BD/1BTH and 1 - 1BD/1BTH units on the main level and 1 - 2BD/1BTH unit on the lower level. The property presents an excellent opportunity for a buyer to add value and realize immediate upside while investing in a location that is considered one of the best neighborhoods in Seattle.

    Interior

    Approx. Sq Ft: 2,424 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
    Amenities: Coin Op Laundry

    Utilities

    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98109
    Area: 700
    County: King
    School District: Seattle
    Latitude: 47.63917300
    Longitude: -122.34461700

    Building

    Year Built: 1942
    Roof: Flat
    Exterior: Wood, Wood Products
    Number of Units in Building: 3

    School

    School District: Seattle

    Lot

    Lot Sq Ft: 3,500 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Queen Anne

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $9,755
    Insurance Expenses: 750
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 3000
    Total Expenses: 18492
    Tax Year: 2020
    Gross Scheduled Income: 70154
    Vacancy Rate: 4
    Gross Adjusted Income: 67348
    Total Expenses: 18492
    Net Operating Costs: 48856
    Gross Rent Multiplier: 14
    Total Monthly Income: 5846

    Unit 1

    Description Unit 1: 2158
    Sq Ft Unit 1: 1,050 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: N
    Washer/Dryer Unit 1: N
    Fireplaces Unit 1: 0
    Rent Unit 1: $2,000

    Unit 2

    Description Unit 2: 2160
    Sq Ft Unit 2: 575 ft²
    Bedrooms Unit 2: 1
    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: $1,450

    Unit 3

    Description Unit 3: 2162
    Sq Ft Unit 3: 800 ft²
    Bedrooms Unit 3: 2
    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: $1,950

    Unit 4

    Sq Ft Unit 4: 0 ft²
    Bedrooms Unit 4: 0
    Bathrooms Unit 4: 0.00
    Fireplaces Unit 4: 0
    Rent Unit 4: None

    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 Paragon Real Estate Advisors