5221 38th Ave SW, Seattle, WA 98116

$1,300,000
4,920
SqFt

Listing courtesy of West Seattle Realty. Selling Office: .

Sold Price
$1,300,000
List Price
$1,350,000
Status
SOLD
MLS#
1252737
Closing Date
May 11, 2018
Days on Market
12
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
4,920
Lot Size (sq ft)
6,545

Property Description

Great investor opportunity! Solid building, good rents, stable tenants and prime West Seattle location. Just north of the Fairmount playing fields and park and just down from the upcoming Whole Foods. The two lower units have attached garage and sizable storage area. All units have additional 2-car off-street parking, including potential for RVs. LR2 zoning could potentially support additional units (buyer to verify). Current owner has been very diligent with maintenance and upgrades.

Additional Information

List Date
2018-03-05 00:00:00
Community
Fairmount
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1954
Total Parking
10
Uncovered Parking
8
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Gas Available
Lot Details
Alley, Curbs, Dead End Street, Paved Street, Sidewalk
School District
Seattle
Elementary School
Fairmount Park
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$6,395
Gross Scheduled Income
$76,740
Vacancy Rate
3
Gross Adjusted Income
$72,250
Annual Taxes
$7,638
Tax Year
2017
Insurance Expense
$1,250
W/S/G Expenses
$5,042
Total Expenses
$18,043
Net Operating Income
$53,190
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
900
Unit 1 Rent
$1,500
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,645
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$1,600
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
900
Unit 4 Rent
$1,650
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