4722 8th Ave NE, Seattle, WA 98105

$825,000
1,800
SqFt

Listing courtesy of Alchemy Real Estate.

List Price
$825,000
Status
ACTIVE
MLS#
1492868
Days on Market
35
Style
52 - Duplex
Finished SqFt
1,800
Lot Size (sq ft)
2,519

Property Description

Excellent investment property in the U-District with underlying LR1 zoning. This recently updated 6 bedroom rental property is just steps away from the UW campus, movie theater, parks, shops, restaurants, and more! Great access to I-5 and plenty of transit options. Walk score of 95. Leased for $4,500/month through August 2020. Tenant pays all utilities. 5.85% Cap Rate! New roof in 2017. Rare U-District investment opportunity.

Additional Information

List Date
2019-07-18 00:00:00
Community
University District
Property Type
MULT
Stories
2
Potential Terms
Cash Out, Conventional, FHA
Year Built
1926
View
Territorial
Exterior
Cement/Concrete, Wood, Wood Products
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Green Lake
Middle School
Hamilton Mid
Total Monthly Income
$4,500
Gross Scheduled Income
$54,000
Gross Adjusted Income
$54,000
Annual Taxes
$4,955
Tax Year
2019
Insurance Expense
$762
Total Expenses
$5,718
Net Operating Income
$48,282
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
6
Unit 1 Baths
1.00
Unit 1 Size
1800
Unit 1 Rent
$4,500
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