812 800-818 29 Ave S, Seattle, WA 98144

$4,200,000
6,935
SqFt

Listing courtesy of Butler Real Estate Group.

List Price
$4,200,000
Status
ACTIVE
MLS#
1681906
Price Change
▼ $150,000 1612919566
Days on Market
107
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
6,935
Lot Size (sq ft)
15,000

Property Description

Amazing opportunity to own two 4 plex buildings and one buildable vacant lot all totaling 15,000 sq ft. Newer roof. Upper units have great city views. Additionally included is a large work shop with ventilation system and bathroom. 12 covered parking spaces located in the center of Seattle. All zoned LR2(M) for future development. Improve current building interiors to increase already steady income. Blocks from 23rd Ave Light Rail station. Great income investment with many development possibilities!

Additional Information

List Date
2020-11-14 00:00:00
Community
Central Area
Property Type
MULT
Units
8
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1963
Total Parking
15
Uncovered Parking
2
View
Territorial
Exterior
Stucco, Wood
Roof
Flat
Site Features
Cable TV
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Thurgood Marshall El
Middle School
Wash Mid
High School
Garfield High
Total Monthly Income
$20,000
Gross Scheduled Income
$240,000
Vacancy Rate
3
Gross Adjusted Income
$232,800
Annual Taxes
$28,469
Tax Year
2020
Insurance Expense
$11,200
W/S/G Expenses
$1,456
Total Expenses
$41,517
Net Operating Income
$193,383
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
800
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
800
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
800
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