2224 NE 197th Place, Shoreline, WA 98155

$929,000
3,382
SqFt

Listing courtesy of Home Realty.

List Price
$929,000
Status
ACTIVE
MLS#
1394540
Price Change
▼ $15,000 1547529461
Days on Market
34
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
3,382
Lot Size (sq ft)
8,297

Property Description

Big stuff is done - new exterior paint, new roof 2016. Well maintained 4-plex in easy to rent Shoreline! All units have pergo floor, mostly updated, 2 one bedroom units, one with deck/one with patio, 2 two bedroom units, one with deck/one with patio, cvrd parking, fireplaces, washer/dryer in 3 units, coin op on-site, bldg storage. All units rented with long term tenants and great rents, all want to stay making an easy transition. Long term owner.

Additional Information

List Date
2018-12-17 00:00:00
Community
Ballinger
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1978
Total Parking
8
Uncovered Parking
4
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Patio
Lot Details
Cul-de-sac, Curbs, Dead End Street, Paved Street, Sidewalk
School District
Shoreline
Elementary School
Lake Forest Park Ele
Middle School
Kellogg Mid
High School
Shorecrest High
Total Monthly Income
$5,220
Gross Scheduled Income
$62,300
Gross Adjusted Income
$62,400
Annual Taxes
$9,269
Tax Year
2018
Insurance Expense
$1,100
W/S/G Expenses
$4,764
Total Expenses
$15,371
Net Operating Income
$47,029
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
670
Unit 1 Rent
$1,200
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1200
Unit 2 Rent
$1,400
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
1000
Unit 3 Rent
$1,400
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
670
Unit 4 Rent
$1,200
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