3631 22nd Avenue SW, Seattle, WA 98106

$945,250
2,220
SqFt

Listing courtesy of Redfin. Selling Office: Marketplace Sotheby's Intl Rty.

Sold Price
$945,250
List Price
$995,000
Status
SOLD
MLS#
1920167
Closing Date
Jul 22, 2022
Days on Market
33
Style
53 - Tri-plex
Finished SqFt
2,220
Area Total SqFt
2220
Annual Tax Ammount
5551
Lot Size (sq ft)
3,500
Sewer
Sewer Connected

Property Description

Don’t miss this opportunity to own a charming 1906 triplex in Pigeon Point with views of Elliot Bay, the city, and the Space Needle. Nice updates throughout, lots of natural light, and each unit has a balcony or patio for their own private outdoor space. Fully occupied and current tenants would like to stay. Solid history of both long and short-term rentals. Right next to the biking path and easy access to the West Seattle Bridge when it reopens makes this a great investment opportunity. Two off street parking spots plus ample street parking.

Additional Information

List Date
2022-06-19 00:00:00
Community
Pigeon Point
Net Operating Income
$44,564
Gross Adjusted Income
$53,400
Gross Scheduled Income
$53,400
Total Monthly Income
$4,450
Insurance Expenses
$3,285
Gross Rent Multiplier
20.6
Total Expenses
$8,836
Cap Rate
4.05
Total Number of Units
3
Unit Name
3631
Potential Terms
Cash Out, Conventional
Year Built
1906
View
City, Partial, Strait
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Patio
Energy Source
Electric
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,450
Gross Scheduled Income
$53,400
Gross Adjusted Income
$53,400
Tax Year
2021
Insurance Expense
$3,285
Total Expenses
$8,836
Net Operating Income
$44,564
Gross Rent Multiplier
20.6
Cap Rate
4.05
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