8118 Delridge Way SW, Seattle, WA 98106
- $850,000
- 2,880
- SqFt
Listing courtesy of John L. Scott, Inc.. Selling Office: Blackwell Real Estate LLC.
- Sold Price
- $850,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 1787874
- Closing Date
- Aug 20, 2021
- Days on Market
- 48
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,880
- Area Total SqFt
- 2880
- Annual Tax Ammount
- 5414
- Lot Size (sq ft)
- 4,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2021-06-16
Property Description
ACTUAL CAP RATE OF 5.0% AND POTENTIAL TO ADD 2 ADDITIONAL UNITS! Wonderful investment opportunity in this well managed Duplex in great West Seattle Rental Market! Enjoy great cash flow as is or continue to create significant equity and upside by purchasing together with 8120 and 8116 Delridge and addiing units (buyer to verify with city). Steady tenants and low historical vacancy make this the perfect investment to add to or start a rental portfolio. Seller prefers to sell all three together but open to individual building sales. Please do not drive onto property or disturb tenants.
Additional Information
- List Date
- 2021-07-03 00:00:00
- Community
- Delridge
- Net Operating Income
- $39,653
- Gross Adjusted Income
- $50,750
- Gross Scheduled Income
- $52,320
- Total Monthly Income
- $4,360
- Insurance Expenses
- $682
- Water/Sewer/Garbage Expenses
- $4,801
- Gross Rent Multiplier
- 15
- Total Expenses
- $10,897
- Cap Rate
- 5
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 8118
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1990
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio
- Electric Expenses
- 200
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $4,360
- Gross Scheduled Income
- $52,320
- Vacancy Rate
- 3
- Gross Adjusted Income
- $50,750
- Tax Year
- 2020
- Insurance Expense
- $682
- W/S/G Expenses
- $4,801
- Total Expenses
- $10,897
- Net Operating Income
- $39,653
- Gross Rent Multiplier
- 15
- Cap Rate
- 5
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