$1,100,000 Price Analysis    ♡   Seattle, WA 98103 Unknown bed None bath 3,072 SqFt ($358/SqFt) 5,610SqFt lot. Built 1963 Listed 2024-05-17, Taxes $10,906 | Ⓧ USDA Ineligible due to price & location near Seattle |
Prime Investment Opportunity.
* Sale Pending *Family owned for over 40 years. This property has extremely low rents and LR3 zoning, with development potential for building apartments or townhomes or renovating to easily double the rental income.
Available for purchase as a single 4-plex or buy both units together (MLS 22 39257). Showings are available with a signed purchase and sale agreement. Dnt miss this rare investment opportunity!
Presented by Brent Lumley at
Windermere RE Greenwood.
Property MLS #2239253 from NWMLS
Wall to Wall Carpet
Flooring: Vinyl, Wall to Wall Carpet
Flooring: Vinyl, Wall to Wall Carpet
Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes
Heating Fuel: Electric
Heating: Yes
Wood
Lot Description: Alley, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.1287879
Lot Size Square Feet: 5610
Lot Size Acres: 0.1287879
Lot Size Square Feet: 5610
Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 4
Open Parking: Yes
Parking Total: 4
Gross Scheduled Income: 52800
Leasable Area: 3072
Leasable Area Units: Square Feet
Leasable Area: 3072
Leasable Area Units: Square Feet
Number of Units: 4
High School District: Seattle
Robert Eagle Staff Middle School is a public middle school located approximately 0.1 miles away.
Map directions
Map directionsViewlands Elementary School is a public elementary school located approximately 1.1 miles away.
Map directions
Map directionsIngraham High School is a public high school located approximately 2 miles away.
Map directions
Map directionsEpic Life Academy is a private elementary, middle and high school located approximately 0.6 miles away.
Map directions
Map directionsCalculated Total Monthly Association Fees: 0
Annual Tax Amount: 10907
Source Listing Status: Pending
Country Region: US
County: King
Cap Rate: 2.8
Directions: From Aurora Ave N (Hwy 99), East on N 93rd St, left on Stone Ave N. 4 plex buildings on your right.
Tax Year: 2023
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 1347
Area: 705 - Ballard/Greenlake
List Development Name: Licton Springs
Source Neighborhood: Licton Springs
Parcel Number: 3126049078
Street Suffix Modifier: Avenue
Subdivision: Licton Springs
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2.5
Source Listing Status: Pending
Country Region: US
County: King
Cap Rate: 2.8
Directions: From Aurora Ave N (Hwy 99), East on N 93rd St, left on Stone Ave N. 4 plex buildings on your right.
Tax Year: 2023
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 1347
Area: 705 - Ballard/Greenlake
List Development Name: Licton Springs
Source Neighborhood: Licton Springs
Parcel Number: 3126049078
Street Suffix Modifier: Avenue
Subdivision: Licton Springs
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2.5
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $222,200 + $1,009,800 $1,232,000 | $10,906 |
| 2022 | $1,000 + $1,009,800 $1,010,800 | $9,778 |
| 2021 | $1,000 + $1,009,800 $1,010,800 | $10,209 |
| 2020 | $1,000 + $1,009,800 $1,010,800 | $10,072 |
| 2019 | $62,600 + $813,400 $876,000 | $7,945 |
| 2018 | $183,900 + $617,100 $801,000 | $8,303 |
| 2017 | $258,100 + $504,900 $763,000 | $7,643 |
| 2016 | $114,200 + $476,800 $591,000 | $6,015 |
| 2015 | $75,200 + $448,800 $524,000 | $5,228 |
| 2014 | $50,200 + $448,800 $499,000 | $5,466 |
| 2013 | $1,000 + $448,800 $449,800 | $5,028 |
| 2012 | $1,000 + $448,800 $449,800 | $5,159 |
| 2011 | $10,200 + $448,800 $459,000 | $4,596 |
| 2009 | $89,300 + $420,700 $510,000 | $4,282 |
| 2007 | $62,300 + $392,700 $455,000 | $4,365 |
Listed 2024-05-17
$1,100,000
NWMLS
$1,100,000
NWMLS
Net Operating Income: 31120
Operating Expense: 19040
Operating Expense: 19040
Electric Expense: 816
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Building Area Total: 3072
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 61
Property Condition: Average
Roof: Flat
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 1963
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 61
Property Condition: Average
Roof: Flat
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
Year Built Effective: 1963
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.