5001 38th Avenue SW, Seattle, WA 98126
- $1,150,000
- 2,210
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2222752
- Days on Market
- 22
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,210
- Area Total SqFt
- 2210
- Annual Tax Ammount
- 10068.46
- Lot Size (sq ft)
- 3,510
- Sewer
- Sewer Connected
Property Description
This Fairmont Park property has three spacious 1-bed units, making it ideal for both portfolio investors and a landlord who wishes to occupy one of the units. Each unit has its own laundry room with full size washer and dryer, fireplace, either a patio or deck, and one assigned off-street parking. Built in 1991, the property has been meticulously maintained and well-managed, providing the new owner with peace of mind. The property is conveniently located close to California Ave restaurants and coffee shops, shopping, parks, Alki Beach, schools, and West Seattle bridge. The seller-procured inspection report is available.
Additional Information
- List Date
- 2024-04-16 23:52:09
- Community
- Fairmount
- Net Operating Income
- $57,114
- Gross Adjusted Income
- $72,900
- Gross Scheduled Income
- $72,900
- Total Monthly Income
- $6,075
- Insurance Expenses
- $1,473
- Water/Sewer/Garbage Expenses
- $2,072
- Gross Rent Multiplier
- 15.78
- Total Expenses
- $15,786
- Cap Rate
- 4.97
- Total Number of Units
- 3
- Unit Name
- 5001
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1991
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 49
- Other Expenses
- 2121
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Fairmount Park
- Middle School
- Pathfinder K-8
- High School
- West Seattle High
- Total Monthly Income
- $6,075
- Gross Scheduled Income
- $72,900
- Gross Adjusted Income
- $72,900
- Tax Year
- 2024
- Insurance Expense
- $1,473
- W/S/G Expenses
- $2,072
- Total Expenses
- $15,786
- Net Operating Income
- $57,114
- Gross Rent Multiplier
- 15.78
- Cap Rate
- 4.97
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