3040 SW Avalon Way, Seattle, WA 98126

$1,240,000
2,901
SqFt

Listing courtesy of Windermere Real Estate Co.. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,240,000
List Price
$1,375,000
Status
SOLD
MLS#
2062048
Closing Date
Aug 02, 2023
Days on Market
50
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
2,901
Area Total SqFt
2901
Annual Tax Ammount
11172
Lot Size (sq ft)
4,800
Sewer
Sewer Connected

Property Description

Clean 3 story building with six 1 bed/1 bath efficiency units located in convenient West Seattle neighborhood. Easy access to freeways, downtown, shopping, parks and golf! Private off street parking for 6 off alley. All units include decks, washer and dryer. Upper floor units include city of Seattle views! Excellent fully rented building with more upside.

Additional Information

List Date
2023-06-13 00:00:00
Community
West Seattle
Net Operating Income
$68,093
Gross Adjusted Income
$92,400
Gross Scheduled Income
$92,400
Total Monthly Income
$7,590
Insurance Expenses
$4,528
Water/Sewer/Garbage Expenses
$8,098
Gross Rent Multiplier
14.97
Total Expenses
$24,307
Cap Rate
4.95
Total Number of Units
6
Unit Name
3040
Potential Terms
Cash Out, Conventional
Year Built
1978
View
City, Territorial
Roof
Flat, Torch Down
Site Features
Cable TV, Deck
Electric Expenses
152
Other Expenses
357
Energy Source
Electric
School District
Seattle
Total Monthly Income
$7,590
Gross Scheduled Income
$92,400
Gross Adjusted Income
$92,400
Tax Year
2022
Insurance Expense
$4,528
W/S/G Expenses
$8,098
Total Expenses
$24,307
Net Operating Income
$68,093
Gross Rent Multiplier
14.97
Cap Rate
4.95
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