3306 Beach Drive SW, Seattle, WA 98116
- $3,780,000
- 7,005
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Windermere Real Estate Co..
- Sold Price
- $3,780,000
- List Price
- $4,100,000
- Status
- SOLD
- MLS#
- 1232294
- Closing Date
- Mar 06, 2018
- Days on Market
- 28
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 7,005
- Area Total SqFt
- 7005
- Annual Tax Ammount
- 22687
- Lot Size (sq ft)
- 4,413
- Sewer
- Sewer Connected
Property Description
Incredible waterfront view for a turnkey cash-flowing opportunity in an irreplaceable Alki Beach location (remodeled 2016). Constructed with a secured entry, interior hall corridor, and under-building parking garage. There is one 1 Bedroom / 1 Bath and six large, 2 Bedroom / 2 Bath units, all of which have a full-size washer and dryer, gourmet kitchens, fireplace, large covered decks and open floor plans w/ panoramic views. Priced well below condo values in immediate area.
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Additional Information
- List Date
- 2018-02-06 00:00:00
- Community
- Alki
- Net Operating Income
- $168,156
- Gross Adjusted Income
- $225,549
- Gross Scheduled Income
- $237,420
- Total Monthly Income
- $19,785
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $12,734
- Gross Rent Multiplier
- 17
- Total Expenses
- $57,393
- Cap Rate
- 4.1
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 3306
- Potential Terms
- Cash Out
- Year Built
- 1991
- Waterfront
- Yes
- View
- Mountain(s), Ocean, Sound
- Roof
- Flat
- Other Expenses
- 18972
- School District
- Seattle
- Total Monthly Income
- $19,785
- Gross Scheduled Income
- $237,420
- Vacancy Rate
- 5
- Gross Adjusted Income
- $225,549
- Tax Year
- 2017
- Insurance Expense
- $3,000
- W/S/G Expenses
- $12,734
- Total Expenses
- $57,393
- Net Operating Income
- $168,156
- Gross Rent Multiplier
- 17
- Cap Rate
- 4.1
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