3845 Beach Dr SW, Seattle, WA 98116

$1,250,000
1,640
SqFt

Listing courtesy of Windermere Real Estate Co..

List Price
$1,250,000
Status
ACTIVE
MLS#
1625392
Days on Market
35
Style
52 - Duplex
Building Condition
['Fair']
Finished SqFt
1,640
Lot Size (sq ft)
9,504

Property Description

Rarely available waterfront investment. Prime Seattle property at the water’s edge with uninterrupted sunset views 40 waterfront feet, LR3 zoning, on serene Beach Drive close to Alki Beach. Multiple attractive investment/development opportunities: the existing vintage duplex rentals could be leased as is, renovated for raised rents, or replaced with your choice of single-family homes or luxury waterfront townhouses; feasibility studies included. Adjacent property, 60 waterfront feet, available.

Additional Information

List Date
2020-07-05 00:00:00
Community
Alki
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1908
Total Parking
2
Waterfront
Yes
View
Mountain, See Remarks, Sound, Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, High Speed Internet, Hot Tub/Spa, Patio
Lot Details
Curbs, Paved Street, Sidewalk, Value In Land
School District
Seattle
Elementary School
Alki
Middle School
Madison Mid
High School
West Seattle High
Total Monthly Income
$53,400
Gross Scheduled Income
$53,400
Vacancy Rate
5
Gross Adjusted Income
$50,730
Annual Taxes
$12,767
Tax Year
2020
Insurance Expense
$685
W/S/G Expenses
$1,499
Total Expenses
$18,030
Net Operating Income
$32,700
Gross Rent Multiplier
23
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1200
Unit 1 Rent
$2,850
Unit 2 Baths
1.00
Unit 2 Size
500
Unit 2 Rent
$1,600
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