3002 Harvard Ave E, Seattle, WA 98102

$2,650,000
5,600
SqFt

Listing courtesy of Keller Williams Downtown Sea.

List Price
$2,650,000
Status
ACTIVE
MLS#
1215007
Days on Market
75
Style
53 - Tri-plex
Building Condition
Very Good
Finished SqFt
5,600
Lot Size (sq ft)
4,900

Property Description

Investor opportunity w/ turn-key 5% Cap Rate in premier Eastlake / Portage Bay Neighborhood! Garage plus plenty street parking w/out restrictions & potential upzone for development. Here’s your chance to NET $130k+ annually with the ease of managing 3-units. Meticulously maintained with new plumbing and electrical in 2009 remodel and triple-pane windows block I-5 noise. Close to UW, SLU and plethora of tenant options - students and tech employees. 100% occupancy since acquired. See Marketing Pkg

Additional Information

List Date
2017-11-06 00:00:00
Community
Portage Bay
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
1916
Total Parking
2
Uncovered Parking
1
View
Bay, Canal, Mountain, Territorial
Exterior
Stucco, Wood
Roof
Composition
Site Features
Deck, Fenced-Partially, High Speed Internet, Patio
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Montlake
Middle School
Wash Mid
High School
Garfield High
Total Monthly Income
$13,025
Gross Scheduled Income
$156,300
Gross Adjusted Income
$156,300
Annual Taxes
$10,706
Tax Year
2017
Insurance Expense
$1,488
W/S/G Expenses
$3,718
Total Expenses
$23,347
Net Operating Income
$132,953
Gross Rent Multiplier
20
Cap Rate
5

Room Dimensions

Unit 1 Beds
7
Unit 1 Baths
4.10
Unit 1 Size
3514
Unit 1 Rent
$7,275
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
320
Unit 2 Rent
$1,450
Unit 3 Beds
5
Unit 3 Baths
2.00
Unit 3 Size
1600
Unit 3 Rent
$4,050

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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