3800 Beach Drive SW, Seattle, WA 98116

$920,000
2,060
SqFt

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Associates West RE Inc.

Sold Price
$920,000
List Price
$795,000
Status
SOLD
MLS#
1377480
Closing Date
Nov 19, 2018
Days on Market
7
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,060
Area Total SqFt
2060
Annual Tax Ammount
6221
Lot Size (sq ft)
3,225
Sewer
Sewer Connected
Offer Review Date
2018-10-29

Property Description

VIEW DUPLEX!!! Outstanding location on Beach Drive near Alki. Suitable for owner occupant (Upper unit) with partial view of Puget Sound and Olympics. Each unit offers wood burning fireplace and in unit Washer & Dryer. Off street parking and individual storage units are offered. Nice building in great condition. Huge upside potential in rents with long term tenants and elderly owner that resulted in below market rents. Tenants are Month to month. PLEASE KEEP DOORS CLOSED. DO NOT LET PETS OUTSIDE.

Additional Information

List Date
2018-11-12 00:00:00
Community
Beach Drive
Net Operating Income
$16,400
Gross Adjusted Income
$27,600
Gross Scheduled Income
$27,600
Total Monthly Income
$2,300
Insurance Expenses
$1,810
Water/Sewer/Garbage Expenses
$2,114
Gross Rent Multiplier
28
Total Expenses
$11,200
Cap Rate
2
Total Number of Units
2
Unit Name
3800
Potential Terms
Cash Out, Conventional, FHA
Year Built
1976
View
Mountain(s), Sound
Roof
Composition
Site Features
Cable TV, Deck
Other Expenses
1055
School District
Seattle
Elementary School
Alki
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$2,300
Gross Scheduled Income
$27,600
Gross Adjusted Income
$27,600
Tax Year
2018
Insurance Expense
$1,810
W/S/G Expenses
$2,114
Total Expenses
$11,200
Net Operating Income
$16,400
Gross Rent Multiplier
28
Cap Rate
2
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