10027 & 10025 51st Avenue SW, Seattle, WA 98146
- $1,875,000
- 3,890
- SqFt
Listing courtesy of Venture Real Estate Group LLC. Selling Office: Venture Real Estate Group LLC.
- Sold Price
- $1,875,000
- List Price
- $1,998,000
- Status
- SOLD
- MLS#
- 1600518
- Closing Date
- Oct 23, 2020
- Days on Market
- 112
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,890
- Area Total SqFt
- 3890
- Annual Tax Ammount
- 16631
- Lot Size (sq ft)
- 34,250
- Sewer
- Sewer Connected
Property Description
Rare OPPORTUNITY to own 75' of waterfront on West Seattle, owned over 33 years. Triplex & home. Investment Opportunity, Potential to Short Plat or ULS. Live & work, Income Producing Property w/breathtaking views of Puget Sound & Olympic Mountains. Stunning sunsets from home & triplex. Two expansive private decks, great for outdoor living & entertaining. Enjoy ferry boats pass by the sound! Hardwood floors, wood fireplaces, kitchen w/eating area. Carport & open parking. Close to Fauntleroy ferry.
Additional Information
- List Date
- 2020-07-03 00:00:00
- Community
- West Seattle
- Net Operating Income
- $86,281
- Gross Adjusted Income
- $107,262
- Gross Scheduled Income
- $110,580
- Total Monthly Income
- $8,025
- Insurance Expenses
- $1,050
- Water/Sewer/Garbage Expenses
- $900
- Gross Rent Multiplier
- 18
- Total Expenses
- $20,981
- Cap Rate
- 4.32
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 10027 & 10025
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1927
- Waterfront
- Yes
- View
- Mountain(s), Sound
- Roof
- Composition, Flat
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet, Patio
- Other Expenses
- 2400
- School District
- Seattle
- Elementary School
- Arbor Heights
- Middle School
- Denny Mid
- High School
- Sealth High
- Total Monthly Income
- $8,025
- Gross Scheduled Income
- $110,580
- Vacancy Rate
- 3
- Gross Adjusted Income
- $107,262
- Tax Year
- 2020
- Insurance Expense
- $1,050
- W/S/G Expenses
- $900
- Total Expenses
- $20,981
- Net Operating Income
- $86,281
- Gross Rent Multiplier
- 18
- Cap Rate
- 4.32
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