8518 Phinney Avenue N, Seattle, WA 98103
- $2,225,000
- 7,636
- SqFt
Listing courtesy of Windermere Real Estate Midtown. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,225,000
- List Price
- $2,600,000
- Status
- SOLD
- MLS#
- 1961013
- Closing Date
- Oct 17, 2022
- Days on Market
- 34
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Finished SqFt
- 7,636
- Area Total SqFt
- 7636
- Annual Tax Ammount
- 18098
- Lot Size (sq ft)
- 8,625
- Sewer
- Sewer Connected
Property Description
Classic 1960's 9-unit in the heart of Greenwood with eight 1 Bd/1 bth units and one 2 bd/1 bth unit 100% occupied by long-term tenants. Building features include additional storage for all units, carport parking, owned coin-op washers/dryers and hardwood floors under the carpet on the 1st floor units. The 8,625 SF lot zoned LR3 is in an excellent location close to transit and is just a short stroll to all the restaurants, shops and attractions that Greenwood has to offer.
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Additional Information
- List Date
- 2022-09-13 00:00:00
- Community
- Greenwood
- Net Operating Income
- $106,840
- Gross Adjusted Income
- $137,818
- Gross Scheduled Income
- $142,080
- Total Monthly Income
- $11,840
- Insurance Expenses
- $3,600
- Water/Sewer/Garbage Expenses
- $8,783
- Gross Rent Multiplier
- 18
- Total Expenses
- $30,978
- Cap Rate
- 4.1
- Vacancy Rate
- 3
- Total Number of Units
- 9
- Unit Name
- 8518
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1960
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially
- Electric Expenses
- 497
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Greenwood
- Middle School
- Licton Springs K-8
- High School
- Ingraham High
- Total Monthly Income
- $11,840
- Gross Scheduled Income
- $142,080
- Vacancy Rate
- 3
- Gross Adjusted Income
- $137,818
- Tax Year
- 2022
- Insurance Expense
- $3,600
- W/S/G Expenses
- $8,783
- Total Expenses
- $30,978
- Net Operating Income
- $106,840
- Gross Rent Multiplier
- 18
- Cap Rate
- 4.1
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