524 N 87th St, Seattle, WA 98103

$995,000
2,010
SqFt

Listing courtesy of Alchemy Real Estate.

List Price
$995,000
Status
ACTIVE
MLS#
1391968
Days on Market
27
Style
52 - Duplex
Building Condition
['Very Good']
Finished SqFt
2,010
Lot Size (sq ft)
6,069

Property Description

Stretch your buying power - two houses on the same lot! In the heart of walkable Greenwood, a must see in the next evolution in housing. This brand new Detached Dwelling Unit known as a DADU is vacant and move-in ready while the main house is currently leased. Financials reflect income from current tenant only, DADU should be owner-occupied. In the future, new Buyer could “condo” property and create more value.

Additional Information

List Date
2018-11-15 00:00:00
Community
Greenwood
Property Type
MULT
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1901
Total Parking
4
Uncovered Parking
4
Exterior
Wood
Roof
Composition, Flat
Site Features
Fenced-Fully, Gas Available
Lot Details
Corner Lot, Curbs, Paved Street, Secluded, Sidewalk
School District
Seattle
Elementary School
Greenwood
Middle School
Robert Eagle Staff M
High School
Ingraham High
Total Monthly Income
$2,300
Gross Scheduled Income
$27,600
Gross Adjusted Income
$27,600
Annual Taxes
$6,336
Tax Year
2018
Insurance Expense
$750
Total Expenses
$7,086
Net Operating Income
$20,514
Gross Rent Multiplier
36
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
1180
Unit 1 Rent
$2,300
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