20107 Whitman Ave N, Shoreline, WA 98133

$1,775,000
4,864
SqFt

Listing courtesy of Keller Williams Seattle Metro.

List Price
$1,775,000
Status
ACTIVE
MLS#
1405758
Days on Market
18
Style
54 - 4-Plex
Building Condition
['Average']
Finished SqFt
4,864
Lot Size (sq ft)
10,304

Property Description

Condo-quality completely renovated 4-unit building in Shoreline. Meticulously maintained by current ownership for 21 years. Fully-occupied with quality tenants; opportunity for new owner to hold as a turn-key maintenance-free cash flowing asset or convert to SFR townhomes and resale for a large profit. Units are 2bed/1.5bath with washer/dryer, fireplaces, dining rooms & patios. Interiors remodeled in 2018; new electrical panels; roof and windows replaced within the last few years.

Additional Information

List Date
2019-02-05 00:00:00
Community
Hillwood
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1985
Total Parking
7
Uncovered Parking
7
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Patio
Lot Details
Corner Lot, Curbs, Paved Street
School District
Shoreline
Elementary School
Echo Lake Elem
Middle School
Albert Einstein Mid
High School
Shorewood High
Total Monthly Income
$8,000
Gross Scheduled Income
$96,000
Gross Adjusted Income
$96,000
Annual Taxes
$12,463
Tax Year
2018
Insurance Expense
$1,100
W/S/G Expenses
$3,689
Total Expenses
$17,252
Net Operating Income
$78,748
Gross Rent Multiplier
18
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
1216
Unit 1 Rent
$2,000
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1216
Unit 2 Rent
$2,000
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
1216
Unit 3 Rent
$2,000
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
1216
Unit 4 Rent
$2,000
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