4054 7th Ave NE, Seattle, WA 98105

$2,390,000

Listing courtesy of WPI Real Estate Services, Inc..

List Price
$2,390,000
Status
ACTIVE
MLS#
1621624
Days on Market
45
Style
53 - Tri-plex
Lot Size (sq ft)
4,500

Property Description

EDG approved for a 42-unit multi-family building w/ rooftop BBQ area, fitness room, party room and views of Portage Bay & Seattle skyline on upper floors. Mid-rise (M1) lot located one block north of UW West Campus & Burke-Gilman Trail. Residents can skip rush hour traffic to downtown and back by being in front of i5 express entrance. Per UW Growth Plan, approved in 2018, UW plans to add appx 3 million sqf to West Campus. Nearby light rail station to open in 2021! Existing triplex fully rented.

Additional Information

List Date
2020-06-25 00:00:00
Community
University District
Property Type
MULT
Units
3
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1918
Total Parking
4
Uncovered Parking
4
Exterior
Wood
Roof
Composition
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Total Monthly Income
$3,475
Gross Scheduled Income
$41,100
Vacancy Rate
5
Gross Adjusted Income
$39,045
Annual Taxes
$12,468
Tax Year
2020
Total Expenses
$6,245
Net Operating Income
$32,800
Gross Rent Multiplier
58
Cap Rate
1

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
1050
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
1080
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
1295
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