4200 SW Manning Street, Seattle, WA 98116
- $2,890,000
- 6,808
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: John L. Scott, Inc..
- Sold Price
- $2,890,000
- List Price
- $3,100,000
- Status
- SOLD
- MLS#
- 1797991
- Closing Date
- Feb 17, 2022
- Days on Market
- 171
- Style
- 56 - 10+ Units
- Finished SqFt
- 6,808
- Area Total SqFt
- 6808
- Annual Tax Ammount
- 23036
- Lot Size (sq ft)
- 12,500
- Sewer
- Sewer Connected
Property Description
Essex Apts is a stunning 10-unit classic cottage brick apartment building that has been completely renovated to enhance the existing old world charm. The units have all been efficiently modified with the addition of a bonus second bedroom or den. All units have access from a front and back door. There are 7 detached garages and additional storage for the building. Coved ceilings, arched doorways, oak flooring and mahogany woodwork. Updates include new plumbing and electrical services, windows and updated lighting throughout. Washers and dryers in-unit, granite countertops in the kitchens and new cabinetry.
Additional Information
- List Date
- 2021-08-30 00:00:00
- Community
- West Seattle
- Net Operating Income
- $144,882
- Gross Adjusted Income
- $216,657
- Gross Scheduled Income
- $228,060
- Total Monthly Income
- $19,005
- Insurance Expenses
- $3,850
- Water/Sewer/Garbage Expenses
- $11,757
- Gross Rent Multiplier
- 13
- Total Expenses
- $71,775
- Cap Rate
- 4.67
- Vacancy Rate
- 11403
- Total Number of Units
- 10
- Unit Name
- 4200
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1928
- Roof
- Composition
- Other Expenses
- 33132
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $19,005
- Gross Scheduled Income
- $228,060
- Vacancy Rate
- 11403
- Gross Adjusted Income
- $216,657
- Tax Year
- 2021
- Insurance Expense
- $3,850
- W/S/G Expenses
- $11,757
- Total Expenses
- $71,775
- Net Operating Income
- $144,882
- Gross Rent Multiplier
- 13
- Cap Rate
- 4.67
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