Listing provided by NWMLS, courtesy of Windermere Real Estate Co.

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Active
$2,195,000
/mo   Edit
MLS# 1532912
Multi-Family/Duplex
Built 1956
0.228 acres
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    Description:   Rare investment-development opportunity. On a quiet lane just off the beaten path: Existing 5, 400 SF mid-century building holds 4 spacious, well-maintained units. Easy expansion to 6+ units. 10, 000 SF site zoned NC1-55 (M) a mile from upcoming Northgate Light Rail Station. Frequent transit node, minutes by foot, car or bus to the Greenwood-Phinney urban village, Northgate Mall & Pedestrian/Bike Bridge (2021). Level, square site ideal for new apartments, townhouses. 15 minutes to Expedia, SLU.

    Interior

    Approx. Sq Ft: 3,400 ft²
    Energy Source: Electric, Natural Gas
    Heating and Cooling: Forced Air
    Floor Covering: Hardwood, Wall to Wall Carpet
    Amenities: Basement, Storage

    Utilities

    Water Company: Seattle Public Utilities
    Sewer: Sewer Connected

    Location

    City: Seattle
    State: WA
    Zip Code: 98133
    Area: 705
    County: King
    School District: Seattle
    Latitude: 47.70414400
    Longitude: -122.35656300

    Building

    Year Built: 1956
    Roof: Composition
    Exterior: Metal/Vinyl
    Number of Units in Building: 4

    School

    School District: Seattle
    Junior High: Whitman Mid
    Elementary School: Viewlands
    Senior High: Ingraham High

    Lot

    View: Mountain, Sound, Territorial
    Lot Details: Curbs, Dead End Street, Paved Street, Sidewalk, Value In Land
    Lot Sq Ft: 9,949 ft²
    Lot Dimensions: 100 x 100'
    Number of Stories in Building: 2

    Site

    Community Name: Greenwood
    Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking

    Rent

    Terms: Cash Out, Conventional, VA

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $11,520
    Insurance Expenses: 1410
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 0
    Total Expenses: 16530
    Tax Year: 2019
    Gross Scheduled Income: 46200
    Vacancy Rate: 4
    Gross Adjusted Income: 70848
    Total Expenses: 16530
    Net Operating Costs: 54318
    Gross Rent Multiplier: 30
    Total Monthly Income: 6150

    Unit 1

    Description Unit 1: 203
    Sq Ft Unit 1: 1,200 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: Y
    Washer/Dryer Unit 1: Y
    Fireplaces Unit 1: 1
    Rent Unit 1: $1,750

    Unit 2

    Description Unit 2: 203.5
    Sq Ft Unit 2: 850 ft²
    Bedrooms Unit 2: 1
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: Y
    Washer/Dryer Unit 2: Y
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,250

    Unit 3

    Description Unit 3: 205
    Sq Ft Unit 3: 1,200 ft²
    Bedrooms Unit 3: 2
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: Y
    Washer/Dryer Unit 3: Y
    Fireplaces Unit 3: 1
    Rent Unit 3: $1,900

    Unit 4

    Description Unit 4: 205.5
    Sq Ft Unit 4: 850 ft²
    Bedrooms Unit 4: 1
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: Y
    Washer/Dryer Unit 4: Y
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,250

    Unit 5

    Sq Ft Unit 5: 0 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 0.00
    Fireplaces Unit 5: 0
    Rent Unit 5: None

    Unit 6

    Sq Ft Unit 6: 0 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 0.00
    Fireplaces Unit 6: 0
    Rent Unit 6: None

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    Listing provided by NWMLS, courtesy of Windermere Real Estate Co.