7311 47th Avenue SW, Seattle, WA 98136

$975,000
1,884
SqFt

Listing courtesy of Windermere RE/South, Inc..

List Price
$975,000
Status
ACTIVE
MLS#
2205935
Price Change
▼ $20,000 1713491748
Days on Market
50
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,884
Area Total SqFt
1884
Annual Tax Ammount
7397
Lot Size (sq ft)
3,200
Sewer
Sewer Connected

Property Description

Location, Location, Location! This stunning two-story townhouse-style duplex boasts an unbeatable West Seattle address, steps away from the tranquility of Lincoln Park & the convenience of the Fauntleroy ferry dock. Perfect for Investors & Owner-Occupants: two spacious units, each boasting 2 bedrooms, 1.5 bathrooms, a cozy fireplace, & a private fenced patios. Plus, in-unit washer and dryer. Live the West Seattle Dream: Imagine mornings spent strolling through the park, a quick downtown commute or Double the Opportunity: Current tenants are on month-to-month leases, giving you the flexibility to either move in one unit and rent out the other for passive income, or rent out both units and maximize your investment. Lots of opportunity here!

Additional Information

List Date
2024-03-14 20:50:08
Community
Lincoln Park
Net Operating Income
$30,582
Gross Adjusted Income
$39,600
Gross Scheduled Income
$30,582
Total Monthly Income
$3,300
Insurance Expenses
$1,621
Gross Rent Multiplier
25.13
Total Expenses
$9,018
Cap Rate
3.08
Total Number of Units
2
Unit Name
7311
Potential Terms
Cash Out, Conventional
Year Built
1979
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Energy Source
Electric
School District
Seattle
Elementary School
Gatewood
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$3,300
Gross Scheduled Income
$30,582
Gross Adjusted Income
$39,600
Tax Year
2023
Insurance Expense
$1,621
Total Expenses
$9,018
Net Operating Income
$30,582
Gross Rent Multiplier
25.13
Cap Rate
3.08
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