304 25th Avenue S, Seattle, WA 98144

$875,000
2,775
SqFt

Listing courtesy of Keller Williams Realty PS. Selling Office: Windermere Real Estate Midtown.

Sold Price
$875,000
List Price
$799,950
Status
SOLD
MLS#
1179423
Closing Date
Sep 21, 2017
Days on Market
1
Style
53 - Tri-plex
Finished SqFt
2,775
Area Total SqFt
2775
Annual Tax Ammount
5652
Lot Size (sq ft)
4,800
Sewer
Sewer Connected
Offer Review Date
2017-08-21

Property Description

Amazing deal on this Triplex in desirable Seattle location!! Positive Cash Flowing property of $4400 a month in rent plus tenants pay their own Electricity & Gas. Home has possibility of subdividing into another parcel to build on while you rent out Triplex. Property located in prime location by shopping, schools, freeways, etc. Lots of parking in back of unit of 5 spots plus street parking. Each unit has it own meter. Come take advantage of this amazing deal listed $45k Below Appraised value!!

Additional Information

List Date
2017-09-20 00:00:00
Community
Central Area
Net Operating Income
$35,348
Gross Adjusted Income
$52,800
Gross Scheduled Income
$52,800
Total Monthly Income
$4,400
Insurance Expenses
$1,000
Water/Sewer/Garbage Expenses
$4,800
Gross Rent Multiplier
15
Total Expenses
$17,452
Cap Rate
0.04
Vacancy Rate
25
Total Number of Units
3
Unit Name
304
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
1903
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio
Electric Expenses
6000
School District
Seattle
Total Monthly Income
$4,400
Gross Scheduled Income
$52,800
Vacancy Rate
25
Gross Adjusted Income
$52,800
Tax Year
2017
Insurance Expense
$1,000
W/S/G Expenses
$4,800
Total Expenses
$17,452
Net Operating Income
$35,348
Gross Rent Multiplier
15
Cap Rate
0.04
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