3843 & 3845 Beach Drive SW, Seattle, WA 98116
- $2,495,000
- 4,340
- SqFt
Listing courtesy of Windermere Real Estate Co.. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,495,000
- List Price
- $2,570,000
- Status
- SOLD
- MLS#
- 1621674
- Closing Date
- Mar 30, 2021
- Days on Market
- 179
- Style
- 54 - 4-Plex
- Building Condition
- Fair
- Finished SqFt
- 4,340
- Area Total SqFt
- 4340
- Annual Tax Ammount
- 28810
- Lot Size (sq ft)
- 25,558
- Sewer
- Sewer Connected
Property Description
Rarely available waterfront investment. Prime Seattle property at the water’s edge with uninterrupted sunset views, comprising two city lots with combined shoreline of 100 ft and LR3 zoning, on serene Beach Drive with level access steps to Alki Beach. Multiple attractive investment/development opportunities: the two existing vintage duplex rentals could be leased as is, renovated, or replaced with your choice of single-family homes or luxury waterfront townhouses; feasibility studies included.
Additional Information
- List Date
- 2020-10-02 00:00:00
- Community
- Alki
- Net Operating Income
- $87,775
- Gross Adjusted Income
- $127,110
- Gross Scheduled Income
- $133,800
- Total Monthly Income
- $11,150
- Insurance Expenses
- $1,369
- Water/Sewer/Garbage Expenses
- $2,998
- Gross Rent Multiplier
- 19
- Total Expenses
- $39,335
- Cap Rate
- 3.42
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 3843 & 3845
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1908
- Waterfront
- Yes
- View
- Mountain(s), See Remarks, Sound, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet, Hot Tub/Spa, Patio
- Electric Expenses
- 4328
- Other Expenses
- 1830
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Alki
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $11,150
- Gross Scheduled Income
- $133,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $127,110
- Tax Year
- 2020
- Insurance Expense
- $1,369
- W/S/G Expenses
- $2,998
- Total Expenses
- $39,335
- Net Operating Income
- $87,775
- Gross Rent Multiplier
- 19
- Cap Rate
- 3.42
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