7151 Fauntleroy Way SW, Seattle, WA 98136
- $1,305,000
- 3,130
- SqFt
Listing courtesy of Pellego, Inc.. Selling Office: COMPASS.
- Sold Price
- $1,305,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 1876779
- Closing Date
- Mar 08, 2022
- Days on Market
- 18
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,130
- Area Total SqFt
- 3130
- Annual Tax Ammount
- 9814
- Lot Size (sq ft)
- 5,680
- Sewer
- Sewer Connected
Property Description
Fabulous location for this fully remodeled triplex that is within a stone throw of Lincoln Park. Updates include all new electric, plumbing, hot water tanks, lighting, flooring, appliances, kitchens, and baths makes this investment ready for top market rates. There are two parking spots for each unit on the property. Shared laundry space with additional income potential. Turn Key for any investor or great owner occupied property with additional income. Short distance to Lowman Beach, the convenience of shops & restaurants of Morgan Street Junction, plus steps to the Rapid Ride-C Line & Fauntleroy Ferry.
Additional Information
- List Date
- 2022-02-18 00:00:00
- Community
- Lincoln Park
- Net Operating Income
- $83,966
- Gross Adjusted Income
- $91,466
- Gross Scheduled Income
- $101,280
- Total Monthly Income
- $7,840
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 13
- Total Expenses
- $17,314
- Cap Rate
- 6.2
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 7151
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1955
- Roof
- Composition
- Electric Expenses
- 2400
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Gatewood
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $7,840
- Gross Scheduled Income
- $101,280
- Vacancy Rate
- 3
- Gross Adjusted Income
- $91,466
- Tax Year
- 2021
- Insurance Expense
- $1,500
- W/S/G Expenses
- $3,600
- Total Expenses
- $17,314
- Net Operating Income
- $83,966
- Gross Rent Multiplier
- 13
- Cap Rate
- 6.2
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