500 28th Avenue S, Seattle, WA 98144

$875,000
3,400
SqFt

Listing courtesy of Britt Real Estate. Selling Office: John L. Scott - KMS Renton.

Sold Price
$875,000
List Price
$900,000
Status
SOLD
MLS#
1218859
Closing Date
Feb 15, 2018
Days on Market
16
Style
53 - Tri-plex
Building Condition
Average
Finished SqFt
3,400
Area Total SqFt
3400
Annual Tax Ammount
4847
Lot Size (sq ft)
7,200
Sewer
Sewer Connected
Offer Review Date
2017-11-21

Property Description

Very rare tri-plex in the heart of the Central District. Three units. Two 2 bed/1 ba units and One 2 bed/2ba unit. Each unit has an up and down stairs, small storage units in the back, and share a large back yard. Large 7200 square lot. Perfect investment property. Extremely close to freeways, hospitals, shopping, schools, restaurants, Lake Washington and parks. The convenience and location does not get better than this! All units are rented on month to month leases. Please use discretion.

Additional Information

List Date
2018-01-30 00:00:00
Community
Central Area
Net Operating Income
$35,800
Gross Adjusted Income
$35,800
Gross Scheduled Income
$50,400
Total Monthly Income
$4,200
Insurance Expenses
$3,800
Water/Sewer/Garbage Expenses
$9,600
Gross Rent Multiplier
18
Total Expenses
$14,600
Cap Rate
40
Vacancy Rate
5
Total Number of Units
3
Unit Name
500
Potential Terms
Cash Out
Year Built
1901
Roof
Composition
Site Features
Cable TV, Fenced-Partially, RV Parking
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,200
Gross Scheduled Income
$50,400
Vacancy Rate
5
Gross Adjusted Income
$35,800
Tax Year
2016
Insurance Expense
$3,800
W/S/G Expenses
$9,600
Total Expenses
$14,600
Net Operating Income
$35,800
Gross Rent Multiplier
18
Cap Rate
40
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