5008 20th Avenue NE, Seattle, WA 98105

$1,265,000
2,420
SqFt

Listing courtesy of Alchemy Real Estate. Selling Office: Keller Williams Realty Bothell.

Sold Price
$1,265,000
List Price
$1,250,000
Status
SOLD
MLS#
1695031
Closing Date
Feb 12, 2021
Days on Market
6
Style
52 - Duplex
Finished SqFt
2,420
Area Total SqFt
2420
Annual Tax Ammount
8128
Lot Size (sq ft)
3,650
Sewer
Sewer Connected

Property Description

Excellent rooming house investment property in the U-District. This 8 bedroom, 2.75 bath rental is located two blocks from the UW campus along greek row. Plenty of transit options. Off street parking for up to 4 vehicles tandem. Walk score of 90. Leased for $7,500/month through 8/15/21. Tenant pays all utilities. 5.82% Cap Rate. Newer roof & LVT flooring on main level. Rare U-District rooming house investment opportunity.

Additional Information

List Date
2021-02-06 00:00:00
Community
University District
Net Operating Income
$72,735
Gross Adjusted Income
$90,000
Gross Scheduled Income
$90,000
Insurance Expenses
$1,937
Gross Rent Multiplier
14
Total Expenses
$17,265
Cap Rate
5.82
Total Number of Units
1
Unit Name
5008
Potential Terms
Cash Out, Conventional, FHA
Year Built
1915
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available
Other Expenses
7200
School District
Seattle
Elementary School
Laurelhurst
Middle School
Eckstein Mid
High School
Roosevelt High
Gross Scheduled Income
$90,000
Gross Adjusted Income
$90,000
Tax Year
2020
Insurance Expense
$1,937
Total Expenses
$17,265
Net Operating Income
$72,735
Gross Rent Multiplier
14
Cap Rate
5.82
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