12427 12429 56th Place S, Seattle, WA 98178
- $560,000
- 1,700
- SqFt
Listing courtesy of Samson Realty LLC. Selling Office: Samson Realty LLC.
- Sold Price
- $560,000
- List Price
- $599,000
- Status
- SOLD
- MLS#
- 1660748
- Closing Date
- Dec 24, 2020
- Days on Market
- 18
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,700
- Area Total SqFt
- 1700
- Annual Tax Ammount
- 5117
- Lot Size (sq ft)
- 19,100
- Sewer
- Sewer Connected
Property Description
Brokers bring your Builders! Zoned R24 with potential to build up to 11 units or 8 Townhouses (Buyer To Verify) on 19,100 sq ft lot. Current use as a Duplex with tenants. Seller spent over $40,000 upgrade in 2018. 1 bedroom rent for $1240 and 3 bedrooms rent for $2150. Minutes to I-5 and Rainier Businesses District. Value in the land. Bus nearby.
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Additional Information
- List Date
- 2020-12-06 00:00:00
- Community
- Allentown
- Net Operating Income
- $31,167
- Gross Adjusted Income
- $40,680
- Gross Scheduled Income
- $40,680
- Total Monthly Income
- $3,390
- Insurance Expenses
- $980
- Water/Sewer/Garbage Expenses
- $3,771
- Gross Rent Multiplier
- 15
- Total Expenses
- $9,513
- Cap Rate
- 5
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 12427 12429
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1959
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck
- School District
- Renton
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,390
- Gross Scheduled Income
- $40,680
- Vacancy Rate
- 2
- Gross Adjusted Income
- $40,680
- Tax Year
- 2020
- Insurance Expense
- $980
- W/S/G Expenses
- $3,771
- Total Expenses
- $9,513
- Net Operating Income
- $31,167
- Gross Rent Multiplier
- 15
- Cap Rate
- 5
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