3306 Beach Dr SW, Seattle, WA 98116

$3,780,000
7,005
SqFt

Listing courtesy of Westlake Associates, Inc.. Selling Office: .

Sold Price
$3,780,000
List Price
$4,100,000
Status
SOLD
MLS#
1232294
Closing Date
Mar 06, 2018
Days on Market
28
Style
55 - 5-9 Units
Building Condition
['Very Good']
Finished SqFt
7,005
Lot Size (sq ft)
4,413

Property Description

Incredible waterfront view for a turnkey cash-flowing opportunity in an irreplaceable Alki Beach location (remodeled 2016). Constructed with a secured entry, interior hall corridor, and under-building parking garage. There is one 1 Bedroom / 1 Bath and six large, 2 Bedroom / 2 Bath units, all of which have a full-size washer and dryer, gourmet kitchens, fireplace, large covered decks and open floor plans w/ panoramic views. Priced well below condo values in immediate area.

Additional Information

List Date
2018-01-10 00:00:00
Community
Alki
Property Type
MULT
Units
7
Stories
4
Potential Terms
Cash Out
Year Built
1991
Total Parking
7
Waterfront
Yes
View
Mountain, Ocean, Sound
Exterior
Stucco
Roof
Flat
School District
Seattle
Total Monthly Income
$19,785
Gross Scheduled Income
$237,420
Vacancy Rate
5
Gross Adjusted Income
$225,549
Annual Taxes
$22,687
Tax Year
2017
Insurance Expense
$3,000
W/S/G Expenses
$12,734
Total Expenses
$57,393
Net Operating Income
$168,156
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
705
Unit 1 Rent
$1,950
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
1050
Unit 2 Rent
$2,795
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
1050
Unit 3 Rent
$2,695
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
1050
Unit 4 Rent
$2,695
Unit 5 Beds
2
Unit 5 Baths
2.00
Unit 5 Size
1050
Unit 5 Rent
$2,795
Unit 6 Beds
2
Unit 6 Baths
2.00
Unit 6 Size
1050
Unit 6 Rent
$2,795

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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