Listed by John L Scott Westwood, Bought with Northmarq Multifamily, LLC
NOT LISTED FOR SALE
-- Bed
-- Bath
4,340 Sq Ft
5,000 Sq Ft Lot

Last Sold January 10, 2022

Last sale price $1,645,000 $379 Per Sq Ft

62 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Wall to Wall Carpet
  • Madison Middle School Rated A-
  • Wood Siding

About This Home

As of January 2022

First time on market in 20 years. Solid seven unit building located in the heart of West Seattle Morgan Junction. Conveniently located just a short walk from Rapid C bus lines, grocery shopping and several restaurants and pubs. All units are corner units with great natural light and no common walls. Three units have laundry/pantry. Building has laundry and storage room. Six off street parking places. Below market rents for great upside potential.

Last Agent to Sell the Property

Sam Basher

John L Scott Westwood License #38166 Listed on: 09/21/2021

John L Scott Westwood

Last Buyer's Agent

Tyler Smith

Northmarq Multifamily, LLC License #24028396

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1842384

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,570

Year Built

  • Built in 1965

Lot Details

  • 5,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 4,340 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Fairmount Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0826000145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,570

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1965
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4340
  • Special Features: None
  • Cumulative Days on Market: 431

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Torch Down
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 7757

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 0826000145
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 9045

Multi Family

  • Gross Scheduled Income: 108540
  • Net Operating Income: 73057
  • Number Of Units Total: 7
  • Insurance Expense: 3700
  • Leasable Area: 4060
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 16570

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $1,645,000 -6.0% $379 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $1,750,000 -- $403 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1842384

Northwest Multiple Listing Service (NWMLS)