Listing #:
- 2219545
- Price:
- $1,500,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 5-9 Units
- # of Units:
- 9
- # of Acres:
- 0.12
- Year Built:
- 2013
- Comm/Assn:
- Belvidere
- City:
- Seattle
- County:
- King
- State:
- WA
- Zip:
- 98106
- Right of 1st Refusal:
- No
QR Code
Description
9 Bedroom Rooming House Within Walking Distance Of South Seattle College. This Remodeled 9 Unit Rooming House Has 8 Individual Rooms With A 1bedroom 1 Bath. All Units Have Their Own Individual Bathroom And Share A Common Kitchen & Laundry. Walking Distance To South Seattle College Makes This An Ideal Location. Each Unit Has Enough Space To Comfortably Fit A Bed, Fridge, Tv, Desk, And More. Market Cap Rate Is A 6.4%. Building Is Completely Vacant Allowing An Investor To Pick Their Own Tenants. Location Is Only 13 Minutes From Downtown, Minutes From The Junction And Only 10 Minutes Away From Alki Beach. This Is Great Investment In A Growing Neighborhood! Matterport Link Available For Tours.
Property Features
- Cap Rate:
- - 6.4
- Covered Spaces:
- - 1
- Electric Expense:
- - 2100
- Exterior Features:
- - Wood Products
- :
- - Mountain(s)
- - Territorial
- Foundation Details:
- - Poured Concrete
- Fuel Expense:
- - $3,000.00
- Gross Scheduled Income:
- - $123,600.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $4,500.00
- Interior Features:
- - Laminate Hardwood
- - Wall to Wall Carpet
- Leasable Area:
- - 2,231.00 Square Feet
- Lot Features:
- - Secluded
- - Sidewalk
- Lot Size Dimensions:
- - 5368
- Net Operating Income:
- - $95,561.00
- Amenities:
- - Coin Op Laundry
- Gross Adjusted Income:
- - 133458
- Gross Rent Multiplier:
- - 15
- Leased Items:
- - None
- Parking Uncovered Spaces:
- - 3
- Power Company:
- - PSE
- Sewer Company:
- - SPU
- Site Features:
- - Fenced-Partially
- Style Code:
- - 55 - 5-9 Units
- Total Expenses:
- - 37898
- Total Monthly Income:
- - 109675
- Units Below Grade:
- - false
- Vacancy Rate:
- - 4
- Water Company:
- - SPU
- Water Sewer Garbage:
- - 3000
- Zoning Class:
- - Multi-Family
- Zoning Jurisdiction:
- - City
- Open Parking Spaces:
- - 3
- Open Parking Y/N:
- - Yes
- Other Expense:
- - 18358
- Parcel Number:
- - 3438502762
- Possible Use:
- - Multi-Family
- Stories Total:
- - 2
- Structure Type:
- - Multi Family
- Annual Tax Amount:
- - $6,940.00
- Tax Year:
- - 2024
- View Y/N:
- - Yes
- Water Source:
- - Public
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