1807 -1811 5th Ave N, Seattle, WA 98109

$1,300,000
2,540
SqFt

Listing courtesy of Pacific Crest.

List Price
$1,300,000
Status
ACTIVE
MLS#
1619956
Days on Market
49
Style
53 - Tri-plex
Building Condition
['Remodeled']
Finished SqFt
2,540
Lot Size (sq ft)
5,300

Property Description

Fully renovated QA triplex and future development site. Excellent cash flow opportunity with rental upside and big development potential. Exterior recently painted and new railings installed. Double listed with adjacent triplex. 4 Town homes can be built on one site and 9 if both sites combined. 10 apartment units on one site and 25 id sites combined. Buyer to verify development potential. 2nd bedroom in Unit #3 may not be conforming, buyer to verify. See marketing package for more information.

Additional Information

List Date
2020-06-21 00:00:00
Community
Queen Anne
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1941
Total Parking
2
Uncovered Parking
2
Exterior
Metal/Vinyl
Roof
Composition
Lot Details
Alley
School District
Seattle
Total Monthly Income
$6,530
Gross Scheduled Income
$70,560
Vacancy Rate
3
Gross Adjusted Income
$68,443
Annual Taxes
$10,292
Tax Year
2020
Insurance Expense
$865
W/S/G Expenses
$4,890
Total Expenses
$19,832
Net Operating Income
$48,611
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$1,595
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
600
Unit 2 Rent
$1,595
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
750
Unit 3 Rent
$2,295
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