1729 NE Northgate Way, Seattle, WA 98125
- $815,000
- 3,040
- SqFt
Listing courtesy of Venture Real Estate Group LLC. Selling Office: New Star Seattle Properties.
- Sold Price
- $815,000
- List Price
- $808,500
- Status
- SOLD
- MLS#
- 1432538
- Closing Date
- Jan 31, 2020
- Days on Market
- 273
- Style
- 52 - Duplex
- Finished SqFt
- 3,040
- Area Total SqFt
- 3040
- Annual Tax Ammount
- 6688
- Lot Size (sq ft)
- 8,480
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a duplex in Northgate. Larger unit is 4 beds/2.5 baths built in 1991 features 2 stories and an updated interior, plumbing and electrical (lease thru 7/31/19). The smaller unit is 3 beds/1 bath with a long term tenant (10 years, month to month) and under market rents. This is a great value add opportunity to do some upgrades and raise rents. Plenty of parking for both units and each side has its own private back yard area. New roof was installed last year.
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Additional Information
- List Date
- 2019-05-03 00:00:00
- Community
- Victory Heights
- Net Operating Income
- $35,390
- Gross Adjusted Income
- $48,888
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $4,260
- Insurance Expenses
- $550
- Water/Sewer/Garbage Expenses
- $4,200
- Gross Rent Multiplier
- 15
- Total Expenses
- $12,938
- Cap Rate
- 4.5
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 1729
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1947
- Roof
- Composition
- Site Features
- Fenced-Partially, Gated Entry
- Other Expenses
- 1500
- School District
- Seattle
- Total Monthly Income
- $4,260
- Gross Scheduled Income
- $50,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $48,888
- Tax Year
- 2018
- Insurance Expense
- $550
- W/S/G Expenses
- $4,200
- Total Expenses
- $12,938
- Net Operating Income
- $35,390
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.5
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