3816 13th Ave W, Seattle, WA 98119

$1,555,000
3,060
SqFt

Listing courtesy of Whitecap Real Estate. Selling Office: .

Sold Price
$1,555,000
List Price
$1,385,000
Status
SOLD
MLS#
1229525
Closing Date
Jan 26, 2018
Days on Market
9
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
3,060
Lot Size (sq ft)
6,400

Property Description

This fourplex features individual walk up entrances, off street parking and views of the Ballard Bridge. The unit mix consists of two 2-bedroom units and two 1-bedroom units. Units 2-4 have been updated with newer countertops, lighting and bath fixtures. All units feature updated double pane windows. The upper units feature water facing balconies. Common area laundry & off-street parking included. A solid current investment with future development potential of 6,400 square foot LR3 lot.

Additional Information

List Date
2018-01-02 00:00:00
Community
Queen Anne
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1955
Total Parking
4
Uncovered Parking
4
View
Bay, Territorial
Exterior
Brick, Cement Planked
Roof
Composition
School District
Seattle
Total Monthly Income
$7,224
Gross Scheduled Income
$86,388
Vacancy Rate
4
Gross Adjusted Income
$82,932
Annual Taxes
$9,722
Tax Year
2017
Insurance Expense
$1,019
W/S/G Expenses
$5,400
Total Expenses
$16,141
Net Operating Income
$66,791
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
850
Unit 1 Rent
$1,895
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
850
Unit 2 Rent
$1,995
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
700
Unit 3 Rent
$1,425
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
700
Unit 4 Rent
$1,495

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

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