Listing provided by NWMLS, courtesy of Sterling Johnston Real Estate

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Active
$2,200,000
/mo   Edit
MLS# 1528030
Multi-Family/Duplex
Built 1956
0.22 acres
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    Description:   Market Cap Rate 4.4% -Bayview Apartments-Seattle Sound View, Income Opportunity + Future Development, 9 units in West Seattle, captivating view of the Puget Sound&Downtown Seattle Skyline.Future appreciation. Professionally managed. Walk Score 86! Views of Downtown Seattle and Elliott Bay from select top-floor units, 8 parking spaces.Rent upside up to 10 to 12%, newer windows on the east and north sides of the building, LR3(M)-zoned lot can potentially develop into town homes or view apartments.

    Interior

    Approx. Sq Ft: 4,500 ft²
    Energy Source: Oil
    Heating and Cooling: Hot Water Recirc Pump
    Floor Covering: Hardwood, Laminate Hardwood
    Amenities: Coin Op Laundry, Storage

    Utilities

    Water Company: City of Seattle
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98116
    Area: 140
    County: King
    School District: Seattle
    Latitude: 47.58615900
    Longitude: -122.38555400

    Building

    Unit: 1-9
    Year Built: 1956
    Roof: Composition
    Exterior: See Remarks
    Number of Units in Building: 9

    School

    School District: Seattle
    Junior High: Madison Mid
    Elementary School: Lafayette
    Senior High: West Seattle High

    Lot

    View: Bay, City, Mountain, Sound
    Lot Details: Curbs, Paved Street, Sidewalk
    Lot Sq Ft: 9,563 ft²
    Number of Stories in Building: 2

    Site

    Community Name: Admiral
    Site Features: Cable TV, Deck, Patio

    Rent

    Terms: Cash Out, Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $14,610
    Insurance Expenses: 3600
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 15355
    Total Expenses: 52997
    Tax Year: 2019
    Gross Scheduled Income: 139589
    Vacancy Rate: 4
    Gross Adjusted Income: 139005
    Total Expenses: 52997
    Net Operating Costs: 81008
    Gross Rent Multiplier: 17
    Total Monthly Income: 11632

    Unit 1

    Description Unit 1: 1
    Sq Ft Unit 1: 510 ft²
    Bedrooms Unit 1: 1
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: N
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,195

    Unit 2

    Description Unit 2: 2
    Sq Ft Unit 2: 510 ft²
    Bedrooms Unit 2: 1
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: N
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,150

    Unit 3

    Description Unit 3: 3
    Sq Ft Unit 3: 510 ft²
    Bedrooms Unit 3: 1
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: N
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,095

    Unit 4

    Description Unit 4: 4
    Sq Ft Unit 4: 510 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: N
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,295

    Unit 5

    Description Unit 5: 5
    Sq Ft Unit 5: 420 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 1.00
    Range/Oven Unit 5: Y
    Refrigerator Unit 5: Y
    Dishwasher Unit 5: N
    Fireplaces Unit 5: 0
    Rent Unit 5: $1,095

    Unit 6

    Description Unit 6: 6
    Sq Ft Unit 6: 510 ft²
    Bedrooms Unit 6: 1
    Bathrooms Unit 6: 1.00
    Range/Oven Unit 6: Y
    Refrigerator Unit 6: Y
    Dishwasher Unit 6: N
    Fireplaces Unit 6: 0
    Rent Unit 6: $1,295

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    Listing provided by NWMLS, courtesy of Sterling Johnston Real Estate