2355 48th Ave SW, Seattle, WA 98116

$1,800,000
2,620
SqFt

Listing courtesy of John L. Scott Westwood.

List Price
$1,800,000
Status
ACTIVE
MLS#
1389930
Days on Market
13
Style
53 - Tri-plex
Building Condition
['Very Good']
Finished SqFt
2,620
Lot Size (sq ft)
11,088

Property Description

2 side x side retro mid-century triplexes. 6 units 2355 & 2359 48th SW, 2 more contiguous triplexes available, listing No. 1390148 North Admiral near Alki and Junction. Some units have LVT floors, Quartz Counter. All have fresh paint, original birch cabinets & tiles. 4 buildings available on 9 lots. Potential to build up to 21 units. Meticulously maintained, with updates and mid-century style. All units are non-smoking, with DW, Micro, Self-Clean Range and coin laundry, huge storage rooms

Additional Information

List Date
2018-11-29 00:00:00
Community
Admiral
Property Type
MULT
Units
6
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1959
Total Parking
6
Uncovered Parking
6
Exterior
Brick, Wood
Roof
Composition, Torch Down
Lot Details
Curbs, Paved Street, Sidewalk, Value In Land
School District
Seattle
Total Monthly Income
$8,885
Gross Scheduled Income
$106,620
Gross Adjusted Income
$106,620
Annual Taxes
$13,180
Tax Year
2017
Insurance Expense
$1,706
W/S/G Expenses
$7,856
Total Expenses
$23,728
Net Operating Income
$82,892
Gross Rent Multiplier
17
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
730
Unit 1 Rent
$1,790
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
590
Unit 2 Rent
$1,400
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
730
Unit 3 Rent
$1,790
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
590
Unit 4 Rent
$1,290
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
730
Unit 5 Rent
$1,240
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
590
Unit 6 Rent
$1,285
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