9203 16th Avenue SW, Seattle, WA 98106
- $1,000,000
- 5,188
- SqFt
Listing courtesy of John L. Scott, Inc.. Selling Office: Homes & Equity Real Estate Grp.
- Sold Price
- $1,000,000
- List Price
- $1,100,000
- Status
- SOLD
- MLS#
- 1755655
- Closing Date
- Jun 01, 2021
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Finished SqFt
- 5,188
- Area Total SqFt
- 5188
- Annual Tax Ammount
- 10200
- Lot Size (sq ft)
- 6,367
- Sewer
- Sewer Connected
Property Description
Wonderful investment opportunity in quickly gentrifying area of West Seattle. This 4 plex features two 1330 SF, 2 bed 1 bath units and two 3 bed 1 bath units . Over 5100 SF of rentable space and and income generating laundry. Each unit comes with one parking pad space. Brand new townhomes being built two lots away. Great long term investing opportunity with great cash flow, appreciation and future development opportunity?
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Additional Information
- List Date
- 2021-05-26 00:00:00
- Community
- West Seattle
- Net Operating Income
- $54,508
- Gross Adjusted Income
- $76,608
- Gross Scheduled Income
- $79,800
- Total Monthly Income
- $6,650
- Insurance Expenses
- $3,100
- Water/Sewer/Garbage Expenses
- $8,400
- Gross Rent Multiplier
- 15
- Total Expenses
- $22,100
- Cap Rate
- 5
- Vacancy Rate
- 4
- Total Number of Units
- 4
- Unit Name
- 9203
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1953
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially
- Electric Expenses
- 400
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,650
- Gross Scheduled Income
- $79,800
- Vacancy Rate
- 4
- Gross Adjusted Income
- $76,608
- Tax Year
- 2020
- Insurance Expense
- $3,100
- W/S/G Expenses
- $8,400
- Total Expenses
- $22,100
- Net Operating Income
- $54,508
- Gross Rent Multiplier
- 15
- Cap Rate
- 5
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