Listing provided by NWMLS, courtesy of The Foundation Group LLC

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$3,000,000
/mo   Edit
MLS# 1419126
Multi-Family/Duplex
Built 1959
0.303 acres
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    Description:   Significant price reduction plus all windows have been replaced. Best value deal on the market. Fully rented and stabilized 5.20% cap building in West Seattle. The Fauntleroy location is close to parks, Westwood Village shopping center, and directly on bus lines. Opportunity to add an additional studio unit. Future redevelopment possibility with 13, 216 SqFt of NC2P-55 upzoned land.

    Interior

    Approx. Sq Ft: 7,976 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard
    Floor Covering: Laminate Hardwood, Wall to Wall Carpet
    Amenities: Coin Op Laundry, See Remarks

    Utilities

    Water Company: public
    Sewer: Available

    Location

    City: Seattle
    State: WA
    Zip Code: 98126
    Area: 140
    County: King
    School District: Seattle
    Latitude: 47.52157900
    Longitude: -122.37717000

    Building

    Year Built: 1959
    Roof: Flat
    Exterior: See Remarks, Wood
    Number of Units in Building: 13

    School

    School District: Seattle

    Lot

    Lot Details: Alley
    Lot Sq Ft: 13,216 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Fauntleroy
    Site Features: Patio

    Rent

    Terms: Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $15,303
    Insurance Expenses: 4749
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 29517
    Total Expenses: 63943
    Tax Year: 2019
    Gross Scheduled Income: 214020
    Vacancy Rate: 3
    Gross Adjusted Income: 208414
    Total Expenses: 63943
    Net Operating Costs: 156053
    Gross Rent Multiplier: 14
    Total Monthly Income: 18746

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 682 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: Y
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,525

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 516 ft²
    Bedrooms Unit 2: 1
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,295

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 620 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,325

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 620 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,365

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 620 ft²
    Bedrooms Unit 5: 1
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Fireplaces Unit 5: 0
    Rent Unit 5: $1,395

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 620 ft²
    Bedrooms Unit 6: 1
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,395

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    Listing provided by NWMLS, courtesy of The Foundation Group LLC