307 N 138th Street, Seattle, WA 98133

$1,520,000

Listing courtesy of Kidder Mathews.

List Price
$1,520,000
Status
ACTIVE
MLS#
1839825
Days on Market
3
Style
53 - Tri-plex
Building Condition
Good
Lot Size (sq ft)
9,315

Property Description

Townhome Development Opportunity with entitlements in hand in October. 8 Townhomes on a 9,315 sqft parcel in the great neighborhood of Bitter Lake. The property consists of an existing Triplex with large two 2x1 units and a 3x2 unit. An opportunity to owner occupy one unit and rent out the rest. An opportunity to renovate current units to achieve true market rents. Plenty of parking with easy access to downtown and other amenities in Bitter Lake and Broadview.

Additional Information

List Date
2021-09-14 00:00:00
Community
Bitter Lake
Potential Terms
Cash Out, Conventional
Year Built
1963
Roof
Composition
Site Features
Fenced-Partially, Patio
School District
Seattle
Total Monthly Income
$6,850
Gross Scheduled Income
$78,000
Vacancy Rate
4
Tax Year
2021
Insurance Expense
$1,120
W/S/G Expenses
$4,300
Total Expenses
$24,956
Net Operating Income
$54,475
Gross Rent Multiplier
27
Cap Rate
3
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