8700 2nd Avenue NW, Seattle, WA 98117
- $742,000
- 2,330
- SqFt
Listing courtesy of John L. Scott - KMS Kent. Selling Office: RE/MAX Northwest Realtors.
- Sold Price
- $742,000
- List Price
- $799,950
- Status
- SOLD
- MLS#
- 1128599
- Closing Date
- Oct 19, 2017
- Days on Market
- 56
- Style
- 52 - Duplex
- Finished SqFt
- 2,330
- Area Total SqFt
- 2330
- Annual Tax Ammount
- 5032
- Lot Size (sq ft)
- 6,477
- Sewer
- Sewer Connected
Property Description
Investor is selling his cash cow! Just look at the numbers! If you are looking to walk into a building that is already making a ton of money and also have room to add value and increase ROI this property is one. Development Potential? Air Bnb potential? This area is in high demand. Close to shopping, restaurants, and bars. Hurry, this property won’t last long.
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Additional Information
- List Date
- 2017-08-24 00:00:00
- Community
- Greenwood
- Net Operating Income
- $48,548
- Gross Adjusted Income
- $43,580
- Gross Scheduled Income
- $56,400
- Insurance Expenses
- $2,200
- Gross Rent Multiplier
- 14
- Total Expenses
- $7,232
- Cap Rate
- 5.6
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 8700
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1920
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, RV Parking
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $56,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $43,580
- Tax Year
- 2016
- Insurance Expense
- $2,200
- Total Expenses
- $7,232
- Net Operating Income
- $48,548
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.6
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