946 N 89th St, Seattle, WA 98103

$895,000
2,860
SqFt

Listing courtesy of eXp Realty.

List Price
$895,000
Status
ACTIVE
MLS#
1669424
Price Change
▼ $50,000 1602881273
Days on Market
31
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
2,860
Lot Size (sq ft)
5,100

Property Description

Great investment opportunity just north of Green Lake. Rarely vacant, one unit has been left unoccupied for sale of property. Easy to rent or owner could occupy while tenants pay the mortgage. Three 2 bed/1 ba units with their own W/D and private single car garage. Built by the seller's father, has been well maintained and updated. Two units are almost new. Cap rate 5.2%. Short walk to Green Lake and bus lines.

Additional Information

List Date
2020-09-26 00:00:00
Community
Green Lake
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional, VA
Year Built
1977
Total Parking
7
Uncovered Parking
4
Exterior
Stucco, Wood
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Lot Details
Paved Street, Sidewalk
School District
Seattle
Elementary School
Daniel Bagley
Middle School
Whitman Mid
High School
Ingraham High
Total Monthly Income
$5,000
Gross Scheduled Income
$60,000
Vacancy Rate
3
Gross Adjusted Income
$58,200
Annual Taxes
$7,346
Tax Year
2020
Insurance Expense
$1,283
W/S/G Expenses
$4,274
Total Expenses
$13,587
Net Operating Income
$46,413
Gross Rent Multiplier
17
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1080
Unit 1 Rent
$1,700
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
890
Unit 2 Rent
$1,500
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
890
Unit 3 Rent
$1,800
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Calculator source: Real Geeks