856 S Donovan St, Seattle, WA 98108

$501,000
1,990
SqFt

Listing courtesy of NWG Real Estate. Selling Office: .

Sold Price
$501,000
List Price
$450,000
Status
SOLD
MLS#
1215723
Closing Date
Jan 05, 2018
Days on Market
6
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
1,990
Lot Size (sq ft)
6,000

Property Description

Opportunity knocks with this well maintained South Park Triplex. Located on a corner lot, this has been family owned for many years. One 2 bedroom unit and two 1 bedroom units, with long term tenants. Would be a great add to anyones portfolio or a first time investment. Possible City of Seattle upzone coming, see HALA initiative. Good income property to buy and hold while the city processes upzone. Buyer needs to verify upzoning possibility. Please do not distrub tenants.

Additional Information

List Date
2017-11-15 00:00:00
Community
South Park
Property Type
MULT
Units
3
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1963
Total Parking
4
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Fenced-Partially
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$2,870
Gross Scheduled Income
$34,440
Vacancy Rate
3
Gross Adjusted Income
$33,407
Annual Taxes
$3,123
Tax Year
2017
Insurance Expense
$1,367
W/S/G Expenses
$3,957
Total Expenses
$13,650
Net Operating Income
$19,747
Gross Rent Multiplier
13
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Rent
$850
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Rent
$1,025
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Rent
$995

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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