1165 N 90th St, Seattle, WA 98103

$1,125,000
3,320
SqFt

Listing courtesy of Keller Williams Downtown Sea. Selling Office: RE/MAX Integrity.

Sold Price
$1,125,000
List Price
$1,125,000
Status
SOLD
MLS#
1488618
Closing Date
Aug 23, 2019
Days on Market
12
Style
53 - Tri-plex
Finished SqFt
3,320
Area Total SqFt
3320
Annual Tax Ammount
6322
Lot Size (sq ft)
5,125
Sewer
Sewer Connected

Property Description

Prime investment opportunity in Greenlake neighborhood surrounded by new construction & development. Featuring recent major improvements including new roof, gutters, windows, water heaters, fencing & paint. No deferred maintenance inside & out make for a low maintenance investment! Fully occupied w/ stable tenants, coin-op laundry. Lots of parking(& opportunity to rent extra spots). Units have access to yard. Proximity to bus lines, highly rated school & Greenlake make an ideal buy & hold.

Additional Information

List Date
2019-08-11 00:00:00
Community
Green Lake
Net Operating Income
$56,869
Gross Adjusted Income
$67,867
Gross Scheduled Income
$68,640
Total Monthly Income
$5,770
Insurance Expenses
$1,100
Water/Sewer/Garbage Expenses
$3,300
Gross Rent Multiplier
16
Total Expenses
$10,998
Cap Rate
5
Vacancy Rate
2
Total Number of Units
3
Unit Name
1165
Potential Terms
Cash Out, Conventional
Year Built
1968
View
Territorial
Roof
Composition
Site Features
Fenced-Fully
Electric Expenses
276
School District
Seattle
Elementary School
Daniel Bagley
Middle School
Whitman Mid
High School
Ingraham High
Total Monthly Income
$5,770
Gross Scheduled Income
$68,640
Vacancy Rate
2
Gross Adjusted Income
$67,867
Tax Year
2018
Insurance Expense
$1,100
W/S/G Expenses
$3,300
Total Expenses
$10,998
Net Operating Income
$56,869
Gross Rent Multiplier
16
Cap Rate
5
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