Listed by Skyline Properties, Inc., Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE
10 Beds
6 Baths
5,869 Sq Ft
5,500 Sq Ft Lot

Last Sold May 10, 2016

Last sale price $1,550,000 $264 Per Sq Ft

8 Days on Market

Highlights

  • Wood Siding
  • B.F. Day Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of May 2016

The property presents investors with the opportunity to own in one of the most sought after and profitable rental markets in the region. The Dayton Apartments offer strong cash flow and a proven significant rental upside with high appreciation for a long term investment. The current owner has renovated 3 of the 5 units, gaining substantial increases in rent.

Last Agent to Sell the Property

Mace Erickson

Skyline Properties, Inc. License #24105 Listed on: 03/22/2016

Skyline Properties, Inc.

Last Buyer's Agent

Collin Hagstrom

Westlake Associates, Inc. License #49398

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 912699

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,268

Year Built

  • Built in 1972

Lot Details

  • 5,500 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Wood Siding
  • Stucco
  • Wood Composite

Interior Spaces

  • 5,869 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Fremont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5693500960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,268

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1972
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5869
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 354

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4114

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 5693500960
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 8027

Multi Family

  • Gross Scheduled Income: 96327
  • Net Operating Income: 71304
  • Number Of Units Total: 5
  • Insurance Expense: 1990
  • Leasable Area: 4316
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2015
  • Tax Annual Amount: 10268

Range of Values:

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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
05/10/2016 05/10/16 Sold $1,550,000 +8.2% $264 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $1,433,000 -- $244 / 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: 912699

Northwest Multiple Listing Service (NWMLS)