13731 32nd Avenue NE, Seattle, WA 98125

$930,000
3,100
SqFt

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..

Sold Price
$930,000
List Price
$895,000
Status
SOLD
MLS#
1209794
Closing Date
Feb 20, 2018
Days on Market
68
Style
54 - 4-Plex
Finished SqFt
3,100
Area Total SqFt
3100
Annual Tax Ammount
6166
Lot Size (sq ft)
5,600
Sewer
Sewer Connected

Property Description

Well located right in the heart of Lake City the North Seattle Fourplex offers an opportunity to own a well-maintained asset approximately 15 minutes to Seattle’s Central Business District and the University of Washington. The property sits on a 5,600 square foot lot with MR (mid-rise) zoning which gives a new investor the option to potentially redevelop the property in the future.

Additional Information

List Date
2017-12-14 00:00:00
Community
Seattle
Net Operating Income
$25,112
Gross Adjusted Income
$40,624
Gross Scheduled Income
$41,880
Total Monthly Income
$3,450
Insurance Expenses
$852
Water/Sewer/Garbage Expenses
$5,094
Gross Rent Multiplier
13
Total Expenses
$15,512
Cap Rate
2.81
Vacancy Rate
3
Total Number of Units
4
Unit Name
13731
Potential Terms
Cash Out, Conventional
Year Built
1968
Roof
Flat
Other Expenses
3400
School District
Seattle
Total Monthly Income
$3,450
Gross Scheduled Income
$41,880
Vacancy Rate
3
Gross Adjusted Income
$40,624
Tax Year
2017
Insurance Expense
$852
W/S/G Expenses
$5,094
Total Expenses
$15,512
Net Operating Income
$25,112
Gross Rent Multiplier
13
Cap Rate
2.81
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