242 32nd Avenue, Seattle, WA 98122

$1,340,000
2,756
SqFt

Listing courtesy of Keller Williams North Seattle. Selling Office: Westlake Associates, Inc..

Sold Price
$1,340,000
List Price
$1,395,000
Status
SOLD
MLS#
1529022
Closing Date
Jan 31, 2020
Days on Market
62
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,756
Area Total SqFt
2756
Annual Tax Ammount
8734
Lot Size (sq ft)
5,520
Sewer
Sewer Connected

Property Description

Super rare 1907 4plex built in a residential neighborhood. One block to Leshi Elementary. Easy to lease spacious units. Some updates with period fixtures and hardwood floors. All four units laid out the same with a grand central staircase. Two off-street parking spaces and coin-opt laundry on site. Well performing investment property. In 1990 property was converted to a Condominium. 4 separate tax ID's. All 4 condo's included in sale. Seller financing available.

Additional Information

List Date
2019-11-30 00:00:00
Community
Leschi
Net Operating Income
$67,818
Gross Adjusted Income
$82,800
Gross Scheduled Income
$82,800
Total Monthly Income
$6,900
Insurance Expenses
$1,811
Water/Sewer/Garbage Expenses
$4,437
Gross Rent Multiplier
17
Total Expenses
$14,982
Cap Rate
4.86
Total Number of Units
4
Unit Name
242
Potential Terms
Cash Out, Conventional, Owner Financing
Year Built
1907
Roof
Flat
Site Features
Cable TV
School District
Seattle
Total Monthly Income
$6,900
Gross Scheduled Income
$82,800
Gross Adjusted Income
$82,800
Tax Year
2019
Insurance Expense
$1,811
W/S/G Expenses
$4,437
Total Expenses
$14,982
Net Operating Income
$67,818
Gross Rent Multiplier
17
Cap Rate
4.86
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