3631 22nd Avenue SW, Seattle, WA 98106

$798,000
2,220
SqFt

Listing courtesy of Windermere West Metro. Selling Office: RE/MAX Metro Realty, Inc..

Sold Price
$798,000
List Price
$798,000
Status
SOLD
MLS#
1750645
Closing Date
May 21, 2021
Days on Market
16
Style
53 - Tri-plex
Finished SqFt
2,220
Area Total SqFt
2220
Annual Tax Ammount
5408
Lot Size (sq ft)
3,500
Sewer
Sewer Connected

Property Description

Charming triplex in Pigeon Point! Located on a dead end street w/peek views of the city & Elliott Bay-right on the bike path out of West Seattle. All units have had nice cosmetic updates with stylish vinyl floors, quartz counters, fresh paint and lots of natural light. This property is ideal for owner occupant or investor wanting a turn key rental with solid rental history (both STR and long term tenants). Craftsman millwork, open floor plans & each unit has its own deck or patio. Close to great coffee, beer, live music (coming back soon!), and the Alki waterfront trail.

Additional Information

List Date
2021-05-05 00:00:00
Community
Pigeon Point
Net Operating Income
$50,884
Gross Adjusted Income
$58,518
Gross Scheduled Income
$61,598
Total Monthly Income
$5,134
Insurance Expenses
$1,574
Water/Sewer/Garbage Expenses
$1,409
Gross Rent Multiplier
13
Total Expenses
$7,634
Cap Rate
6.4
Vacancy Rate
5
Total Number of Units
3
Unit Name
3631
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1906
View
City, Partial, Sound
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Patio
Electric Expenses
492
Other Expenses
2253
Energy Source
Electric, Natural Gas
School District
Seattle
Elementary School
Lafayette
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$5,134
Gross Scheduled Income
$61,598
Vacancy Rate
5
Gross Adjusted Income
$58,518
Tax Year
2020
Insurance Expense
$1,574
W/S/G Expenses
$1,409
Total Expenses
$7,634
Net Operating Income
$50,884
Gross Rent Multiplier
13
Cap Rate
6.4
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