3450 22nd Avenue W, Seattle, WA 98199

$690,000
1,800
SqFt

Listing courtesy of RE/MAX Northwest Realtors. Selling Office: Coldwell Banker Danforth.

Sold Price
$690,000
List Price
$700,000
Status
SOLD
MLS#
1296620
Closing Date
Jul 17, 2018
Days on Market
24
Style
52 - Duplex
Finished SqFt
1,800
Area Total SqFt
1800
Annual Tax Ammount
5063
Lot Size (sq ft)
2,810
Sewer
Sewer Connected

Property Description

Terrific Magnolia location for this stylish duplex just steps from quick city access. Close to transit, shops, and cafes. Both units are currently rented with stable tenants. Site features a shared laundry room, separate meters, and mini-splits on both levels. Upstairs unit features a large front yard with western exposure; lower unit has private entrance and shared laundry. Nice hardwood floors upstairs & newer flooring throughout. Terrific for an investor or live in one and rent the other.

Additional Information

List Date
2018-06-23 00:00:00
Community
Magnolia
Net Operating Income
$28,617
Gross Adjusted Income
$38,100
Gross Scheduled Income
$38,100
Total Monthly Income
$3,000
Insurance Expenses
$826
Water/Sewer/Garbage Expenses
$2,185
Gross Rent Multiplier
19
Total Expenses
$9,483
Cap Rate
3.9
Total Number of Units
2
Unit Name
3450
Potential Terms
Cash Out, Conventional
Year Built
1952
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Other Expenses
1409
School District
Seattle
Total Monthly Income
$3,000
Gross Scheduled Income
$38,100
Gross Adjusted Income
$38,100
Tax Year
2018
Insurance Expense
$826
W/S/G Expenses
$2,185
Total Expenses
$9,483
Net Operating Income
$28,617
Gross Rent Multiplier
19
Cap Rate
3.9
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