1010 N 45th St, Seattle, WA 98103

$1,345,000
3,191
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,345,000
Status
ACTIVE
MLS#
1738457
Days on Market
46
Style
55 - 5-9 Units
Building Condition
['Good']
Finished SqFt
3,191
Lot Size (sq ft)
5,000

Property Description

5-unit apartment community in the heart of the Wallingford/Fremont neighborhood. Updated units with new counters, new bathroom/ shower/tub surrounds, new cabinets and LVT hardwood flooring. This location is known for its high level of walkability offering tenants great access to parks, recreation, neighborhood cafes, pubs, restaurants, boutique shopping, a high-quality grocery store, and many other services without losing its quaint residential feel. The Wallingford 5 offers an investor the opportunity to own a very well maintained building with easy to rent units in one of the strongest rental markets in the City of Seattle

Additional Information

List Date
2021-03-05 00:00:00
Community
Wallingford
Property Type
MULT
Units
5
Stories
2
Potential Terms
Owner Financing, See Remarks
Year Built
1907
Total Parking
3
Uncovered Parking
3
Exterior
Wood
Roof
See Remarks
School District
Seattle
Total Monthly Income
$7,735
Gross Scheduled Income
$82,500
Vacancy Rate
1
Gross Adjusted Income
$81,675
Annual Taxes
$13,134
Tax Year
2021
Insurance Expense
$1,333
W/S/G Expenses
$10,453
Total Expenses
$30,170
Net Operating Income
$51,505
Gross Rent Multiplier
16
Cap Rate
3

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
440
Unit 1 Rent
$1,050
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
675
Unit 2 Rent
$1,650
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
556
Unit 3 Rent
$1,300
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
695
Unit 4 Rent
$1,695
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
825
Unit 5 Rent
$1,425
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