4200 SW Manning Street, Seattle, WA 98116

$3,100,000

Listing courtesy of Westlake Associates, Inc..

List Price
$3,100,000
Status
ACTIVE
MLS#
1797991
Price Change
▼ $150,000 1627613092
Days on Market
120
Style
56 - 10+ Units
Area Total SqFt
6808
Lot Size (sq ft)
12,500

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
2021-06-24 00:00:00
Community
West Seattle
Potential Terms
Cash Out, Conventional
Year Built
1928
Roof
Composition
Heating/Cooling Type
Baseboard
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
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