4313 4th Avenue NE, Seattle, WA 98105

$950,000
2,270
SqFt

Listing courtesy of CBRE INC. Selling Office: John L. Scott, Inc..

Sold Price
$950,000
List Price
$995,000
Status
SOLD
MLS#
1405782
Closing Date
May 09, 2019
Days on Market
64
Style
52 - Duplex
Finished SqFt
2,270
Area Total SqFt
2270
Annual Tax Ammount
8267
Lot Size (sq ft)
5,100
Sewer
Available

Property Description

The Wallingford Duplex consists of (2) spacious three-bedroom units located just off 45th St with easy access to I-5 and nearby amenities. The Property offers new ownership an ideal opportunity to purchase a well-performing asset that has remained fully occupied since 2010. Current rent is $5K month+utilities, leased to Aug 2019. Current ownership has recently replaced the windows with new and efficient double-pane throughout, and painted the exterior. Kitchens and bathrooms updated in 2014.

Additional Information

List Date
2019-03-06 00:00:00
Community
Wallingford
Net Operating Income
$51,601
Gross Adjusted Income
$61,200
Gross Scheduled Income
$61,200
Total Monthly Income
$5,000
Insurance Expenses
$1,332
Gross Rent Multiplier
16
Total Expenses
$9,599
Cap Rate
5
Total Number of Units
2
Unit Name
4313
Potential Terms
See Remarks
Year Built
1907
Roof
Composition
School District
Seattle
Total Monthly Income
$5,000
Gross Scheduled Income
$61,200
Gross Adjusted Income
$61,200
Tax Year
2018
Insurance Expense
$1,332
Total Expenses
$9,599
Net Operating Income
$51,601
Gross Rent Multiplier
16
Cap Rate
5
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