4850 40th Avenue SW, Seattle, WA 98116

$710,000
1,490
SqFt

Listing courtesy of Redfin Corp.. Selling Office: John L. Scott, Inc.

Sold Price
$710,000
List Price
$715,000
Status
SOLD
MLS#
1748394
Closing Date
Aug 09, 2021
Days on Market
116
Style
52 - Duplex
Finished SqFt
1,490
Area Total SqFt
1490
Annual Tax Ammount
5458
Lot Size (sq ft)
2,148
Sewer
Sewer Connected

Property Description

Lovely duplex with amazing curb appeal is blocks from the hub of West Seattle: Whole Foods, Trader Joe’s, Sunday market, Buddha Ruksa, and more. Live in the bright and sunny top floor which has 2 BR, 1 full bath, updated kitchen and bath, and a fully fenced yard. Downstairs also has two bedrooms, ¾ bath, its own outdoor space, and is tenant occupied. Or rent out both units. Upstairs unit has new flooring, new cabinets, appliances and counters, updated light fixtures, new water heater and updated vanity and cabinet in the bathroom. Downstairs has new carpet, new paint, new water heater and new washer. One off street parking off alley, easy commute to downtown via transit, bike, or water taxi. LR2 zoning offers lots of possibilities.

Additional Information

List Date
2021-04-15 00:00:00
Community
Fairmount
Net Operating Income
$9,648
Gross Adjusted Income
$18,646
Gross Scheduled Income
$20,340
Total Monthly Income
$1,695
Insurance Expenses
$1,498
Water/Sewer/Garbage Expenses
$1,623
Gross Rent Multiplier
36
Total Expenses
$8,998
Cap Rate
1.31
Vacancy Rate
8
Total Number of Units
2
Unit Name
4850
Potential Terms
Cash Out, Conventional
Year Built
1913
Roof
Composition
Site Features
Cable TV, Fenced-Fully, High Speed Internet
Other Expenses
419
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$1,695
Gross Scheduled Income
$20,340
Vacancy Rate
8
Gross Adjusted Income
$18,646
Tax Year
2021
Insurance Expense
$1,498
W/S/G Expenses
$1,623
Total Expenses
$8,998
Net Operating Income
$9,648
Gross Rent Multiplier
36
Cap Rate
1.31
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