1019 S Rose Street, Seattle, WA 98108

$1,100,000
6,315
SqFt

Listing courtesy of NWG Real Estate. Selling Office: NWG Real Estate.

Sold Price
$1,100,000
List Price
$1,100,000
Status
SOLD
MLS#
1207060
Closing Date
Feb 09, 2018
Days on Market
10
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
6,315
Area Total SqFt
6315
Annual Tax Ammount
9451
Lot Size (sq ft)
17,400
Sewer
Sewer Connected

Property Description

Unique investment opportunity with 2 incoming producing structures in rapidly developing South Park. 4plex well maintained, w value add in good condition with nice curb appeal & quiet neighborhood setting. 1 unit updated kitchen & appliance, bathroom and vinyl & carpet flooring. Newer windows, landscaped grounds, fully fenced and ample secured on-site parking. Commercial bldg w/ 1200sf office space, lots of storage, 2 garages, secured motorized gate. Get onboard for the upswing in the area.

Additional Information

List Date
2018-01-30 00:00:00
Community
South Park
Net Operating Income
$57,372
Gross Adjusted Income
$82,644
Gross Scheduled Income
$85,200
Total Monthly Income
$7,100
Insurance Expenses
$5,480
Water/Sewer/Garbage Expenses
$3,923
Gross Rent Multiplier
13
Total Expenses
$25,272
Cap Rate
5.21
Vacancy Rate
3
Total Number of Units
5
Unit Name
1019
Potential Terms
Cash Out, Conventional
Year Built
1979
Roof
Cedar Shake, Flat
Site Features
Fenced-Fully, Fenced-Partially, Gas Available
Electric Expenses
1223
Other Expenses
1594
School District
Seattle
Total Monthly Income
$7,100
Gross Scheduled Income
$85,200
Vacancy Rate
3
Gross Adjusted Income
$82,644
Tax Year
2017
Insurance Expense
$5,480
W/S/G Expenses
$3,923
Total Expenses
$25,272
Net Operating Income
$57,372
Gross Rent Multiplier
13
Cap Rate
5.21
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