3019 NE 143rd Street, Seattle, WA 98125
- $2,114,750
- 7,548
- SqFt
Listing courtesy of Westlake Associates, Inc.. Selling Office: Pacific Crest.
- Sold Price
- $2,114,750
- List Price
- $2,250,000
- Status
- SOLD
- MLS#
- 1610387
- Closing Date
- Dec 04, 2020
- Days on Market
- 75
- Style
- 56 - 10+ Units
- Finished SqFt
- 7,548
- Area Total SqFt
- 7548
- Annual Tax Ammount
- 17177
- Lot Size (sq ft)
- 14,640
- Sewer
- Sewer Connected
Property Description
Investor alert! Opportunity to own in-city RE with significant upside in the Lake City neighborhood of Seattle! Mix of studio, 1 and 2 bed units. 9 of the 11 units updated with kitchen upgrades, paint, flooring and mill work. In place rents are close to 10% below market with ability to add a 12th unit and storage lockers. Huge 14,640 sq ft LR3 (M) zoned lot. Potential redevelopment site.
/u.realgeeks.media/rbosold/ben_kinney.jpg)
Additional Information
- List Date
- 2020-09-20 00:00:00
- Community
- Olympic Hills
- Net Operating Income
- $118,520
- Gross Adjusted Income
- $172,767
- Gross Scheduled Income
- $181,860
- Total Monthly Income
- $15,145
- Insurance Expenses
- $1,932
- Water/Sewer/Garbage Expenses
- $12,000
- Gross Rent Multiplier
- 12
- Total Expenses
- $54,247
- Cap Rate
- 5.27
- Vacancy Rate
- 5
- Total Number of Units
- 11
- Unit Name
- 3019
- Potential Terms
- Cash Out, Conventional, Rehab Loan
- Year Built
- 1961
- Roof
- Flat
- Other Expenses
- 23138
- School District
- Seattle
- Total Monthly Income
- $15,145
- Gross Scheduled Income
- $181,860
- Vacancy Rate
- 5
- Gross Adjusted Income
- $172,767
- Tax Year
- 2020
- Insurance Expense
- $1,932
- W/S/G Expenses
- $12,000
- Total Expenses
- $54,247
- Net Operating Income
- $118,520
- Gross Rent Multiplier
- 12
- Cap Rate
- 5.27
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .