4257 Greenwood Avenue N, Seattle, WA 98103
- $850,000
- 2,101
- SqFt
Listing courtesy of The Foundation Group LLC. Selling Office: The Foundation Group LLC.
- Sold Price
- $850,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 1209407
- Closing Date
- May 01, 2018
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,101
- Area Total SqFt
- 2101
- Annual Tax Ammount
- 6663
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
Fremont 4 unit trending to a 6.41% Cap Rate!!. Incredible upside, current rents are well below market. Neighboring properties are receiving $1,300-$1,420 for same style units. Building includes three 1bed/1bath units & one 2bed/1 bath unit with potential to add 5 unit in large basement. 5 storage stalls in Basement. Don't miss this highly rentable area a stones throw away from restaurants, entertainment, public transit and major employment.
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Additional Information
- List Date
- 2018-04-18 00:00:00
- Community
- Seattle
- Net Operating Income
- $26,980
- Gross Adjusted Income
- $39,053
- Gross Scheduled Income
- $40,680
- Insurance Expenses
- $1,476
- Water/Sewer/Garbage Expenses
- $3,934
- Gross Rent Multiplier
- 20
- Total Expenses
- $12,073
- Cap Rate
- 3.17
- Vacancy Rate
- 4
- Total Number of Units
- 4
- Unit Name
- 4257
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1911
- Roof
- Flat
- School District
- Seattle
- Gross Scheduled Income
- $40,680
- Vacancy Rate
- 4
- Gross Adjusted Income
- $39,053
- Tax Year
- 2017
- Insurance Expense
- $1,476
- W/S/G Expenses
- $3,934
- Total Expenses
- $12,073
- Net Operating Income
- $26,980
- Gross Rent Multiplier
- 20
- Cap Rate
- 3.17
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