5221 38th Avenue SW, Seattle, WA 98116
- $1,300,000
- 4,920
- SqFt
Listing courtesy of West Seattle Realty. Selling Office: Gerrard Beattie & Knapp.
- Sold Price
- $1,300,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 1252737
- Closing Date
- May 11, 2018
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,920
- Area Total SqFt
- 4920
- Annual Tax Ammount
- 7638
- Lot Size (sq ft)
- 6,545
- Sewer
- Sewer Connected
- Offer Review Date
- 2018-03-16
Property Description
Great investor opportunity! Solid building, good rents, stable tenants and prime West Seattle location. Just north of the Fairmount playing fields and park and just down from the upcoming Whole Foods. The two lower units have attached garage and sizable storage area. All units have additional 2-car off-street parking, including potential for RVs. LR2 zoning could potentially support additional units (buyer to verify). Current owner has been very diligent with maintenance and upgrades.
Additional Information
- List Date
- 2018-04-28 00:00:00
- Community
- Fairmount
- Net Operating Income
- $53,190
- Gross Adjusted Income
- $72,250
- Gross Scheduled Income
- $76,740
- Total Monthly Income
- $6,395
- Insurance Expenses
- $1,250
- Water/Sewer/Garbage Expenses
- $5,042
- Gross Rent Multiplier
- 18
- Total Expenses
- $18,043
- Cap Rate
- 3.94
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 5221
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1954
- Roof
- Composition
- Site Features
- Cable TV, Gas Available
- Other Expenses
- 4841
- School District
- Seattle
- Elementary School
- Fairmount Park
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $6,395
- Gross Scheduled Income
- $76,740
- Vacancy Rate
- 3
- Gross Adjusted Income
- $72,250
- Tax Year
- 2017
- Insurance Expense
- $1,250
- W/S/G Expenses
- $5,042
- Total Expenses
- $18,043
- Net Operating Income
- $53,190
- Gross Rent Multiplier
- 18
- Cap Rate
- 3.94
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