9043 35th Ave SW, Seattle, WA 98126
- $2,935,000
- 7,976
- SqFt
Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.
- Sold Price
- $2,935,000
- List Price
- $3,000,000
- Status
- SOLD
- MLS#
- 1419126
- Closing Date
- Mar 12, 2020
- Days on Market
- 274
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 7,976
- Area Total SqFt
- 7976
- Annual Tax Ammount
- 15303
- Lot Size (sq ft)
- 13,216
- Sewer
- Available
Property Description
Significant price reduction plus all windows have been replaced. Best value deal on the market. Fully rented and stabilized 5.20% cap building in West Seattle. The Fauntleroy location is close to parks, Westwood Village shopping center, and directly on bus lines. Opportunity to add an additional studio unit. Future redevelopment possibility with 13,216 SqFt of NC2P-55 upzoned land.
Additional Information
- List Date
- 2019-06-12 00:00:00
- Community
- Fauntleroy
- Net Operating Income
- $156,053
- Gross Adjusted Income
- $208,414
- Gross Scheduled Income
- $214,020
- Total Monthly Income
- $18,746
- Insurance Expenses
- $4,749
- Water/Sewer/Garbage Expenses
- $14,300
- Gross Rent Multiplier
- 14
- Total Expenses
- $63,943
- Cap Rate
- 5.2
- Vacancy Rate
- 3
- Total Number of Units
- 13
- Unit Name
- 9043
- Potential Terms
- Conventional
- Year Built
- 1959
- Roof
- Flat
- Site Features
- Patio
- Other Expenses
- 29517
- School District
- Seattle
- Total Monthly Income
- $18,746
- Gross Scheduled Income
- $214,020
- Vacancy Rate
- 3
- Gross Adjusted Income
- $208,414
- Tax Year
- 2019
- Insurance Expense
- $4,749
- W/S/G Expenses
- $14,300
- Total Expenses
- $63,943
- Net Operating Income
- $156,053
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.2
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