1489 S Columbian Wy, Seattle, WA 98144

$859,000
2,880
SqFt

Listing courtesy of KW Mountains to Sound Realty.

List Price
$859,000
Status
ACTIVE
MLS#
1615461
Days on Market
46
Style
53 - Tri-plex
Building Condition
['Average']
Finished SqFt
2,880
Lot Size (sq ft)
5,740

Property Description

Location Location Location. Situated across the street from Jefferson Park "Beacon By The Park" boasts great access and recreation possibilities. Work from home or commute. Convenience is the key. Strong 3 unit rental building with low expense and low vacancy. Owner occupant, cash flow or long term investment, the choice is yours. LR2 (M) Zoning also allows for multifamily development in the future. Room to bring rents up to market rate. Please respect tenant privacy.

Additional Information

List Date
2020-06-24 00:00:00
Community
N Beacon Hill
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1956
Total Parking
4
Uncovered Parking
4
Exterior
Brick, Wood
Roof
Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet
Lot Details
Alley, Curbs, Paved Street, Sidewalk, Value In Land
School District
Seattle
Total Monthly Income
$4,025
Gross Scheduled Income
$48,000
Vacancy Rate
5
Gross Adjusted Income
$45,600
Annual Taxes
$5,966
Tax Year
2019
Insurance Expense
$900
W/S/G Expenses
$3,300
Total Expenses
$10,481
Net Operating Income
$35,119
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1170
Unit 1 Rent
$1,350
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
870
Unit 2 Rent
$1,775
Unit 3 Baths
1.00
Unit 3 Size
600
Unit 3 Rent
$900
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