2371 48th Avenue SW, Seattle, WA 98116

$1,500,000
2,620
SqFt

Listing courtesy of John L. Scott Westwood. Selling Office: John L. Scott Westwood.

Sold Price
$1,500,000
List Price
$1,800,000
Status
SOLD
MLS#
1390148
Closing Date
Aug 16, 2019
Days on Market
193
Style
53 - Tri-plex
Building Condition
Very Good
Finished SqFt
2,620
Area Total SqFt
2620
Annual Tax Ammount
13180
Lot Size (sq ft)
11,088
Sewer
Sewer Connected

Property Description

2 side x side retro mid-century triplexes. 6 units 2365 & 2371 48th SW, 2 more contiguous triplexes available, listing No. 1389930 North Admiral near Alki and Junction. Some units have LVT floors, Quartz Counter. All have fresh paint, original birch cabinets & tiles. 4 buildings available on 9 lots. Potential to build up to 21 units. Meticulously maintained, with updates and mid-century style. All units are non-smoking, with DW, Micro, Self-Clean Range and coin laundry, huge storage rooms

Additional Information

List Date
2019-02-04 00:00:00
Community
Admiral
Net Operating Income
$88,652
Gross Adjusted Income
$112,380
Gross Scheduled Income
$112,380
Total Monthly Income
$9,365
Insurance Expenses
$1,706
Water/Sewer/Garbage Expenses
$7,856
Gross Rent Multiplier
16
Total Expenses
$23,728
Cap Rate
5
Total Number of Units
6
Unit Name
2371
Potential Terms
Cash Out, Conventional
Year Built
1959
Roof
Built-Up, Composition
Electric Expenses
986
School District
Seattle
Total Monthly Income
$9,365
Gross Scheduled Income
$112,380
Gross Adjusted Income
$112,380
Tax Year
2017
Insurance Expense
$1,706
W/S/G Expenses
$7,856
Total Expenses
$23,728
Net Operating Income
$88,652
Gross Rent Multiplier
16
Cap Rate
5
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