4022 59th Ave SW, Seattle, WA 98116

$980,000

Listing courtesy of Keller Williams Seattle Metro. Selling Office: .

Sold Price
$980,000
List Price
$999,900
Status
SOLD
MLS#
1043009
Closing Date
Jan 10, 2017
Days on Market
31
Style
53 - Tri-plex
Lot Size (sq ft)
5,000

Property Description

Beach Drive/Alki-Area Triplex. Huge 2 story penthouse unit + (2) 1bed/1bath units make an ideal owner occupant+extra income property, OR rent all 3 units at market rate for an unheard of 5.7% CAP RATE in a high-end Seattle neighborhood! Steps from the water; enjoy sweeping Puget Sound and mountains views from the property. Updated systems throughout: newer roof, copper plumbing, electrical, windows, etc. Beautifully landscaped garden; large 2 car garage, wine cellar, private storage units.

Additional Information

List Date
2016-10-21 00:00:00
Community
Beach Drive
Property Type
MULT
Units
3
Stories
4
Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
600
Unit 1 Rent
$1,250
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
740
Unit 2 Rent
$1,450
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
1590
Net Operating Income
$57,269
Gross Adjusted Income
$70,800
Gross Scheduled Income
$70,800
Total Monthly Income
$5,900
Insurance Expense
$1,450
W/S/G Expenses
$3,700
Total Expenses
$13,531
Gross Rent Multiplier
14
Cap Rate
5
Year Built
1917
Total Parking
3
Uncovered Parking
1
View
Mountain, Sound
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, High Speed Internet, Outbuildings, Patio, Sprinkler System
Lot Details
Alley, Curbs, Paved Street, Sidewalk
Annual Taxes
$8,381
Tax Year
2016
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Potential Terms
Cash Out, Conventional

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