3221 21st Avenue W, Seattle, WA 98199

$1,168,000

Listing courtesy of L. Dankers Real Estate Group. Selling Office: Pilot Ventures LLC.

Sold Price
$1,168,000
List Price
$1,300,000
Status
SOLD
MLS#
1428677
Closing Date
Oct 25, 2019
Days on Market
278
Style
53 - Tri-plex
Building Condition
Good
Annual Tax Ammount
9695
Lot Size (sq ft)
6,000
Sewer
Sewer Connected

Property Description

Magnolia triplex. Both upper units have vaulted ceilings, huge windows for tons of natural light, fireplaces in living, decks, 2 spacious bedrooms. Main floor unit include a 2 bedroom unit. Coin-op laundry room with storage lockers for each unit. One off street parking space for each unit off alley. Very low vacancy history with long term tenants all month-to-month. New electrical panels. New roof going on in April.

Additional Information

List Date
2019-01-20 00:00:00
Community
Magnolia
Net Operating Income
$46,699
Gross Adjusted Income
$59,940
Gross Scheduled Income
$59,940
Total Monthly Income
$5,095
Insurance Expenses
$1,446
Water/Sewer/Garbage Expenses
$1,200
Gross Rent Multiplier
22
Total Expenses
$13,241
Cap Rate
3.6
Total Number of Units
3
Unit Name
3221
Potential Terms
Cash Out, Conventional
Year Built
1964
View
Territorial
Roof
Torch Down
Site Features
Deck
Electric Expenses
900
School District
Seattle
Elementary School
Catharine Blaine K-8
Middle School
Mc Clure Mid
High School
Ballard High
Total Monthly Income
$5,095
Gross Scheduled Income
$59,940
Gross Adjusted Income
$59,940
Tax Year
2018
Insurance Expense
$1,446
W/S/G Expenses
$1,200
Total Expenses
$13,241
Net Operating Income
$46,699
Gross Rent Multiplier
22
Cap Rate
3.6
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