2608 S Lane St, Seattle, WA 98144

$2,300,000
4,379
SqFt

Listing courtesy of Windermere Real Estate Co.. Selling Office: .

Sold Price
$2,300,000
List Price
$2,300,000
Status
SOLD
MLS#
1255010
Closing Date
Apr 02, 2018
Days on Market
14
Style
55 - 5-9 Units
Building Condition
['Remodeled']
Finished SqFt
4,379
Lot Size (sq ft)
4,200

Property Description

Fully-renovated, 7-unit apartment in Atlantic/Leschi neighborhoods. 4,379 SF comprises 2 studios, 2 - 1 bedroom + den and full bath, and 3 - 2 bedroom, 1 bath units. Turn-key asset prime for rent upside & appreciation. Ease of access to I-90 & proximity to light rail station coming 2023.

Additional Information

List Date
2018-03-08 00:00:00
Community
Judkins
Property Type
MULT
Units
7
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1910
Exterior
Cement/Concrete, Wood
Roof
Torch Down
Site Features
['Cable TV', 'Deck', 'Patio']
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$13,372
Gross Scheduled Income
$149,316
Vacancy Rate
5
Gross Adjusted Income
$141,850
Annual Taxes
$13,203
Tax Year
2018
Insurance Expense
$2,971
W/S/G Expenses
$7,700
Total Expenses
$41,616
Net Operating Income
$110,164
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
735
Unit 1 Rent
$2,049
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
735
Unit 2 Rent
$1,799
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
735
Unit 3 Rent
$1,799
Unit 4 Baths
1.00
Unit 4 Size
404
Unit 4 Rent
$1,399
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
725
Unit 5 Rent
$2,049
Unit 6 Size
320
Unit 6 Rent
$1,250
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