5215 38th Avenue SW, Seattle, WA 98126

$1,255,000
3,424
SqFt

Listing courtesy of John L. Scott Westwood. Selling Office: Windermere R.E. Wall St. Inc..

Sold Price
$1,255,000
List Price
$1,150,000
Status
SOLD
MLS#
1234571
Closing Date
Mar 15, 2018
Days on Market
11
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,424
Area Total SqFt
3424
Annual Tax Ammount
8005
Lot Size (sq ft)
4,801
Sewer
Sewer Connected
Offer Review Date
2018-02-01

Property Description

Great investment opportunity in fantastic Fairmount neighborhood located on quiet street just north of Fairmount Park. This 4-plex offers 4 860 square foot units all 2 bed, 1 bath, all with in unit washer/dryers and each with a parking stall. 3 of the 4 units have been updated with newer appliances, counters and flooring. Low maintenance exterior with vinyl siding, newer roof, vinyl windows. All rents are month to month and very low for the area which is conveniently close to C lines/ Junction

Additional Information

List Date
2018-03-04 00:00:00
Community
Fairmount
Net Operating Income
$33,372
Gross Adjusted Income
$49,500
Gross Scheduled Income
$49,500
Total Monthly Income
$4,125
Insurance Expenses
$2,123
Water/Sewer/Garbage Expenses
$6,000
Gross Rent Multiplier
23
Total Expenses
$16,128
Cap Rate
3
Total Number of Units
4
Unit Name
5215
Potential Terms
Cash Out, Conventional
Year Built
1989
Roof
Composition
Site Features
Cable TV
School District
Seattle
Elementary School
Fairmount Park
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$4,125
Gross Scheduled Income
$49,500
Gross Adjusted Income
$49,500
Tax Year
2017
Insurance Expense
$2,123
W/S/G Expenses
$6,000
Total Expenses
$16,128
Net Operating Income
$33,372
Gross Rent Multiplier
23
Cap Rate
3
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