Listed by John L. Scott Des Moines, Bought with Industry RE
NOT LISTED FOR SALE
5 Beds
5 Baths
2,640 Sq Ft
4,410 Sq Ft Lot

Last Sold July 20, 2015

Last sale price $452,000 $171 Per Sq Ft

3 Days on Market

Highlights

  • Deck
  • Wall to Wall Carpet
  • 4-minute walk to Westcrest Park
  • Wood Siding

About This Home

As of July 2015

Fantastic investment opportunity. 6-unit income producing property, sited on a 4,410 sqft street to street lot with abundance of parking. Amazing cash flow, extremely low vacancy rate, coin operated washer and dryer brings in additional cash. Conveniently located near Westwood Village and easy commute to downtown Seattle via Hwy 509/99. Sister building next door (another 6 units, MLS #804999) is also for sale. Buy one, or both to double your cash flow!

Last Agent to Sell the Property

Paul Lau

John L. Scott Des Moines License #71801 Listed on: 06/16/2015

John L. Scott Des Moines

Last Buyer's Agent

Rucci Diwan

Industry RE License #108047

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 804662

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,229

Year Built

  • Built in 1978

Lot Details

  • 4,410 Sq Ft Lot
  • Property is in average condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • Highland Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7750500410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,229

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1978
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2640
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 348

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Seattle City Light
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterSewerGarbage: 7775

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7750500410
  • Lot Size Acres: 0.1012
  • Lot Size Sq Ft: 4410
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 4295

Multi Family

  • Gross Scheduled Income: 51540
  • Net Operating Income: 37129
  • Number Of Units Total: 6
  • Electric Expense: 500
  • Insurance Expense: 876
  • Leasable Area: 2640
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4229

Range of Values:

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Average Value
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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
07/20/2015 07/20/15 Sold $452,000 0.0% $171 / Sq Ft
06/20/2015 06/20/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $452,000 -- $171 / 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: 804662

Northwest Multiple Listing Service (NWMLS)