2801 22nd Avenue W, Seattle, WA 98199

$740,000
1,776
SqFt

Listing courtesy of Lake & Company. Selling Office: Lake & Company.

Sold Price
$740,000
List Price
$795,000
Status
SOLD
MLS#
1207880
Closing Date
Nov 08, 2017
Days on Market
6
Style
54 - 4-Plex
Building Condition
Fixer
Finished SqFt
1,776
Area Total SqFt
1776
Annual Tax Ammount
6480
Lot Size (sq ft)
6,000
Sewer
Sewer Connected
Offer Review Date
2017-10-23

Property Description

Rare side-by-side 4 plex w/great re-hab potential. Units are 1bed/1bath. View from sidewalk only. DO NOT disturb tenants or walk the property. No Sign. No Access. Sold As-Is. Lots of upside potential to restore these perfectly located, under rented, units. Zoning is SF 5000. Land use is multi family. Lot/matching building next door @2807 is also available, listing #1207899. Call helpful LB's with any questions.

Additional Information

List Date
2017-11-02 00:00:00
Community
Interbay
Net Operating Income
$4,889
Gross Adjusted Income
$18,000
Gross Scheduled Income
$36,000
Total Monthly Income
$3,250
Insurance Expenses
$975
Water/Sewer/Garbage Expenses
$3,763
Gross Rent Multiplier
44
Total Expenses
$13,111
Cap Rate
6
Vacancy Rate
50
Total Number of Units
4
Unit Name
2801
Potential Terms
Conventional
Year Built
1955
Roof
Composition
Electric Expenses
273
Other Expenses
1620
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,250
Gross Scheduled Income
$36,000
Vacancy Rate
50
Gross Adjusted Income
$18,000
Tax Year
2017
Insurance Expense
$975
W/S/G Expenses
$3,763
Total Expenses
$13,111
Net Operating Income
$4,889
Gross Rent Multiplier
44
Cap Rate
6
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