3521 S Leschi Place, Seattle, WA 98144

$2,349,000
3,650
SqFt

Listing courtesy of Heaton Dainard, LLC. Selling Office: ZNonMember-Office-MLS.

Sold Price
$2,349,000
List Price
$2,349,000
Status
SOLD
MLS#
1400959
Closing Date
Jan 31, 2019
Days on Market
6
Style
55 - 5-9 Units
Finished SqFt
3,650
Area Total SqFt
3650
Annual Tax Ammount
13135
Lot Size (sq ft)
4,092
Sewer
Sewer Connected

Property Description

Located in one of the most established residential neighborhoods, Leschi Six offers city convenience, parks, and Lake Washington at your doorstep. This area is a trendy destination for renters seeking urban amenities and close proximity to Downtown and the Eastside. Fully renovated, turn key, multi-family property in a neighborhood with limited investment rental opportunities.

Additional Information

List Date
2019-01-25 00:00:00
Community
Leschi
Net Operating Income
$98,124
Gross Adjusted Income
$130,612
Gross Scheduled Income
$137,121
Total Monthly Income
$137,121
Insurance Expenses
$3,000
Water/Sewer/Garbage Expenses
$6,933
Gross Rent Multiplier
17
Total Expenses
$32,488
Cap Rate
4.17
Vacancy Rate
5
Total Number of Units
6
Unit Name
3521
Potential Terms
Cash Out, Conventional
Year Built
1959
View
Lake, Partial
Roof
Torch Down
Site Features
Patio
Other Expenses
9420
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$137,121
Gross Scheduled Income
$137,121
Vacancy Rate
5
Gross Adjusted Income
$130,612
Tax Year
2018
Insurance Expense
$3,000
W/S/G Expenses
$6,933
Total Expenses
$32,488
Net Operating Income
$98,124
Gross Rent Multiplier
17
Cap Rate
4.17
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