1334 16th Ave S, Seattle, WA 98144

$1,790,000
3,840
SqFt

Listing courtesy of RE/MAX Northwest Realtors.

List Price
$1,790,000
Status
ACTIVE
MLS#
1697078
Days on Market
77
Style
52 - Duplex
Finished SqFt
3,840
Lot Size (sq ft)
6,006

Property Description

OPPORTUNITY ZONE. This Beacon Hill 4-plex was taken down to the studs and fully renovated in 2020. This included a new roof, all new plumbing and electric as well as a stylish new interior. Each unit features 3 bdrms and 1.75 baths and a full compliment of brand new appliances including in unit washer/dryer. The property is conveniently located within walking distance to Seahawks Stadium, First Hill, International District, and Pioneer Square. The LR2 property zoning offers future development potential as well. There is space on the current lot for and additional structure to be built. See supplements for dev reports. This is a great opportunity for a brand new low maintenance, income producing asset in a highly desirable area.

Additional Information

List Date
2020-12-15 00:00:00
Community
Beacon Hill
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1908
Total Parking
8
Uncovered Parking
8
View
Territorial
Exterior
Cement Planked
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Gas Available, Gated Entry, High Speed Internet
Lot Details
Alley, Corner Lot, Dead End Street
School District
Seattle
Total Monthly Income
$10,000
Gross Scheduled Income
$120,000
Vacancy Rate
5
Gross Adjusted Income
$114,000
Annual Taxes
$8,492
Tax Year
2020
Insurance Expense
$3,000
W/S/G Expenses
$5,280
Total Expenses
$25,220
Net Operating Income
$88,780
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.75
Unit 1 Size
960
Unit 1 Rent
$2,500
Unit 2 Beds
3
Unit 2 Baths
1.75
Unit 2 Size
960
Unit 2 Rent
$2,500
Unit 3 Beds
3
Unit 3 Baths
1.75
Unit 3 Size
960
Unit 3 Rent
$2,500
Unit 4 Beds
3
Unit 4 Baths
1.75
Unit 4 Size
960
Unit 4 Rent
$2,500
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