2348 48th Avenue SW, Seattle, WA 98116
- $850,000
- 2,050
- SqFt
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: RE/MAX All City.
- Sold Price
- $850,000
- List Price
- $925,000
- Status
- SOLD
- MLS#
- 1593518
- Closing Date
- Apr 15, 2021
- Days on Market
- 20
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 2,050
- Area Total SqFt
- 2050
- Annual Tax Ammount
- 7388
- Lot Size (sq ft)
- 6,120
- Sewer
- Sewer Connected
Property Description
Investment time! West Seattle Triplex. Two units have 2 bedrooms and 1 bath, One unit has 1 bedroom and 1 bath. Newer roof (3 years) Newer Windows, 2 New Hot Water Heaters, New Electrical panels, New exterior Paint. Rents total $3800 with room to move up. Tenants pay utilities, on site coin laundry and each unit has storage. Walking distance to Admiral shopping, Alki Beach, and many parks. Long term renters in place on Month to Month. Avg 2 bds rent in area is $1800, 1 bd rent is $1400.
Additional Information
- List Date
- 2021-03-26 00:00:00
- Community
- Admiral
- Net Operating Income
- $36,682
- Gross Adjusted Income
- $45,600
- Gross Scheduled Income
- $45,600
- Total Monthly Income
- $3,800
- Insurance Expenses
- $1,050
- Gross Rent Multiplier
- 2
- Total Expenses
- $8,918
- Cap Rate
- 3.96
- Total Number of Units
- 3
- Unit Name
- 2348
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1960
- View
- Territorial
- Roof
- Composition, See Remarks
- Site Features
- Cable TV, Gas Available
- Electric Expenses
- 480
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $3,800
- Gross Scheduled Income
- $45,600
- Gross Adjusted Income
- $45,600
- Tax Year
- 2019
- Insurance Expense
- $1,050
- Total Expenses
- $8,918
- Net Operating Income
- $36,682
- Gross Rent Multiplier
- 2
- Cap Rate
- 3.96
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