3001 22nd Avenue W, Seattle, WA 98199

$1,300,000
3,720
SqFt

Listing courtesy of Pilot Ventures LLC. Selling Office: CENTURY 21 Real Estate Center.

Sold Price
$1,300,000
List Price
$1,350,000
Status
SOLD
MLS#
1334242
Closing Date
Oct 31, 2018
Days on Market
63
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
3,720
Area Total SqFt
3720
Annual Tax Ammount
8616
Lot Size (sq ft)
6,000
Sewer
Sewer Connected

Property Description

Please do not disturb the tenants. This well-maintained triplex has excellent value add potential plus room to expand. Spacious units with in-unit W/D and basement storage facility. View of Mt Rainier from one unit. Lower level unit can be expanded by 500 sf to create a 4 bed/2 bath. Buyer to verify to own satisfaction. Three carport stalls for add'l income. Quiet residential side street, with bus stop next door. QFC grocery a short walk away. Nice owner/user building or an investor's dream.

Additional Information

List Date
2018-08-29 00:00:00
Community
Interbay
Net Operating Income
$55,048
Gross Adjusted Income
$71,586
Gross Scheduled Income
$73,800
Total Monthly Income
$6,150
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$3,000
Gross Rent Multiplier
18
Total Expenses
$16,538
Cap Rate
4.08
Vacancy Rate
3
Total Number of Units
3
Unit Name
3001
Potential Terms
Cash Out, Conventional
Year Built
1961
View
Mountain(s), Territorial
Roof
Torch Down
Site Features
Cable TV, Deck, Fenced-Partially
Other Expenses
3722
School District
Seattle
Elementary School
Lawton
Middle School
Mc Clure Mid
High School
Ballard High
Total Monthly Income
$6,150
Gross Scheduled Income
$73,800
Vacancy Rate
3
Gross Adjusted Income
$71,586
Tax Year
2018
Insurance Expense
$1,200
W/S/G Expenses
$3,000
Total Expenses
$16,538
Net Operating Income
$55,048
Gross Rent Multiplier
18
Cap Rate
4.08
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