2608 S Lane Street, Seattle, WA 98144
- $2,300,000
- 4,379
- SqFt
Listing courtesy of Windermere Real Estate Co.. Selling Office: NWG Real Estate.
- 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
- Finished SqFt
- 4,379
- Area Total SqFt
- 4379
- Annual Tax Ammount
- 13203
- Lot Size (sq ft)
- 4,200
- Sewer
- Sewer Connected
- Offer Review Date
- 2018-03-21
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.
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Additional Information
- List Date
- 2018-03-19 00:00:00
- Community
- Judkins
- Net Operating Income
- $110,164
- Gross Adjusted Income
- $141,850
- Gross Scheduled Income
- $149,316
- Total Monthly Income
- $13,372
- Insurance Expenses
- $2,971
- Water/Sewer/Garbage Expenses
- $7,700
- Gross Rent Multiplier
- 15
- Total Expenses
- $41,616
- Cap Rate
- 4.79
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 2608
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- Roof
- Torch Down
- Site Features
- Cable TV, Deck, Patio
- Other Expenses
- 17742
- School District
- Seattle
- Total Monthly Income
- $13,372
- Gross Scheduled Income
- $149,316
- Vacancy Rate
- 5
- Gross Adjusted Income
- $141,850
- 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
- 4.79
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