Fully rented, income producing SFR + fully permitted ADU. Completely remodeled in 2020 with over 200K in upgrades! Main House-SFR comes w/3 Bed + Office, and 1.5 Baths (1290 SF). Features LP floors throughout. Kitchen is open to the dining, and dining room is open to the living room w/fireplace. Fully fenced backyard. ADU - 2 Bed/1 Bath (600 SF). Features open concept flexible living space flows over LP flooring. Comes with Stainless Steel appliances and own washer/dryer. ADU Equipped w/split system unit for optimal heating and cooling. Both homes located on a quiet dead-end street with plenty of off-street parking. 5.8% Cap Rate based on actual income/expenses w/Upside Potential. 1 Year Home Warranty included. Please don't disturb tenants.
Lot Features: Alley, Dead End Street, Paved, Secluded
View: Yes
Waterfront: No
Exterior Features: Cement Planked, Wood Products
Foundation Details: Poured Concrete, Slab
Property Condition: Remodeled
Structure Type: Duplex
ConstructionMethods: Standard Frame
Garage/Parking
Carport Spaces: 1
Carport Y N: No
Open Parking Spaces: 3
Open Parking: Yes
Total Parking Spaces: 4
ParkingUncoveredSpaces: 3
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: PartiallyFenced
Cooling Y N: Yes
Heating Yn: Yes
Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
PowerCompany: PSE
SewerCompany: SW Suburban
WaterCompany: Highline
CableConnected: Xfinity
InternetConnected: Xfinity
WaterSewerGarbage: 2040
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Highline
High School: Evergreen High
Middle Or Junior School: Cascade Mid
Lot Info
Parcel Number: 0723049577
Lot Size Acres: 0.1951
Lot Size Sq Ft: 8500
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings,Sprinkler System
MLSLotSizeSource: King County
ZoningJurisdiction: City
Green Features
Power Production Type: Electric, Natural Gas
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 6.62
LeasedItems: None
TotalMonthlyIncome: 4000
Multi Family
Gross Scheduled Income: 48000
Net Operating Income: 39489
Number Of Units Total: 2
Insurance Expense: 983
Leasable Area: 1890
EnergySource: Electric,Natural Gas
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2022
Tax Annual Amount: 5488
MLS Schools
Elementary School: Mount View Elem
Ownership History
DateNameOwned ForOwner Type
Dec 2023 - PresentBurien Pm Llc1 Year and 5 Months
Company
Purchase Details
Closed on
Dec 20, 2023
Sold by
Wu Conrad K and Wu Teresa
Bought by
Burien Pm Llc
Total Days on Market
164
Current Estimated Value
$678,283
Nov 2022 - Dec 2023Wu Conrad and Chau Teresa1 Year and 1 Month
Private Individual
Purchase Details
Listed on
May 27, 2022
Closed on
Nov 30, 2022
Sold by
Demiryan Vahagn
Bought by
Wu Conrad and Chau Teresa
Seller's Agent
Gary Stepaniants
RE/MAX Northwest
Buyer's Agent
David Kim
Every Door Real Estate
List Price
$725,000
Sold Price
$660,000
Premium/Discount to List
-$65,000
-8.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.48%
Original Mortgage
$401,100
Interest Rate
6.95%
Mortgage Type
New Conventional
Dec 2012 - Nov 2022Demiryan Vahagn9 Years and 11 Months
Private Individual
Purchase Details
Closed on
Dec 18, 2012
Sold by
Malyan Anna
Bought by
Demiryan Vahagn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,917
Interest Rate
3.25%
Mortgage Type
FHA
Nov 2006 - Dec 2012Donoso Luis A and Donoso Maria T6 Years and 1 Month
Private Individual
Purchase Details
Closed on
Nov 3, 2006
Sold by
Donoso Luis A and Donoso Maria T
Bought by
Donoso Luis A and Donoso Maria T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,400
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage
Oct 2004 - Nov 2006Donoso Luis A and Donoso Maria T2 Years and 1 Month
Private Individual
Purchase Details
Closed on
Oct 15, 2004
Sold by
Blanchard Delmar D
Bought by
Donoso Luis A and Donoso Maria T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,950
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Oct 2002 - Oct 2004Blanchard Delmar D2 Years
Private Individual
Purchase Details
Closed on
Oct 2, 2002
Sold by
Broome Paddy M
Bought by
Blanchard Delmar D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.17%
Aug 2001 - Oct 2002Broome Paddy M1 Year and 2 Months
Private Individual
Purchase Details
Closed on
Aug 28, 2001
Sold by
Chambers Michael C
Bought by
Broome Paddy M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.62%
Aug 2000 - Aug 2001Broome Paddy M1 Year
Private Individual
Purchase Details
Closed on
Aug 28, 2000
Sold by
Broome Michael
Bought by
Broome Paddy M
Jul 1992 - Aug 2000Chambers Michael C and Chambers Christina A8 Years and 1 Month
Private Individual
Purchase Details
Closed on
Jul 23, 1992
Sold by
Lewis Thomas M and Lewis Lori
Bought by
Chambers Michael C and Chambers Christina A
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Commercial Duplex, ground floor retail+ separate entry upper rental studio or work/live office space. Great owner usage w/high visibility, easy access & parking. Zoned for espresso, cafe, drinking establishment, med/professional. Lower former hair salon/current spa usage can be vacated. Extensive upgrades: plumbing/electrical/fixtures/appliances/heat pump. ADA commercial entry, windows, extra
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 12012 2nd Place SW Unit A & B, Seattle, WA 98146 since 27 May 2022 and is currently estimated at $678,283, approximately $358 per square foot. This property was built in 1969. 12012 2nd Place SW Unit A & B is a home located in King County with nearby schools including Mount View Elementary School, Cascade Middle School, and Evergreen High School.
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