7144 47th Ave SW, Seattle, WA 98136

$4,600,000
16,614
SqFt

Listing courtesy of Coldwell Banker Danforth.

List Price
$4,600,000
Status
ACTIVE
MLS#
1414166
Days on Market
93
Style
56 - 10+ Units
Building Condition
['Good']
Finished SqFt
16,614
Lot Size (sq ft)
28,048

Property Description

The Kenney Assemblage consists of 5 buildings: 3 triplexes, 1 fourplex and one duplex totalling 15 units. All units spacious, ranging from studio to 2-bedroom. Garage parking in select units. Value-add opportunity with rents significantly below market. Upside available through rent increase, utility billback, parking fees, etc.Build up for potential Sound views, steps to Lincoln Park, walk to shopping/retail, near Vashon/Faunt Ferry Term & short commute to D'town Seattle. 6.9% proforma cap rate.

Additional Information

List Date
2019-02-21 00:00:00
Community
Lincoln Park
Property Type
MULT
Units
15
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1960
Total Parking
15
Uncovered Parking
7
View
See Remarks
Exterior
Wood
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Gross Scheduled Income
$201,180
Vacancy Rate
5
Gross Adjusted Income
$192,362
Annual Taxes
$46,668
Tax Year
2018
Total Expenses
$85,731
Net Operating Income
$106,630
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$1,400
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Rent
$1,400
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Rent
$1,400
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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