5034 Fauntleroy Wy SW, Seattle, WA 98136

$2,375,000
5,424
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$2,375,000
Status
ACTIVE
MLS#
1398696
Days on Market
12
Style
55 - 5-9 Units
Finished SqFt
5,424
Lot Size (sq ft)
5,500

Property Description

The Sound Breeze Apartments offers an investor the opportunity to acquire a turn-key, modern apartment building in one of the city’s most popular and fastest growing neighborhoods. With large, contemporary floor-plans, complete appliance packages, and modern building mechanical systems and technology the Sound Breeze functions perfectly in the present form or could be renovated and repositioned to give it a contemporary feel with potential for even greater income.

Additional Information

List Date
2019-01-08 00:00:00
Community
West Seattle
Property Type
MULT
Stories
3
Potential Terms
Cash Out
Year Built
1986
Total Parking
7
Exterior
Wood Products
Roof
Composition
School District
Seattle
Total Monthly Income
$14,400
Gross Scheduled Income
$151,860
Vacancy Rate
4
Gross Adjusted Income
$145,786
Annual Taxes
$14,319
Tax Year
2018
Insurance Expense
$2,642
W/S/G Expenses
$7,077
Total Expenses
$36,038
Net Operating Income
$109,748
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
2.00
Unit 1 Size
904
Unit 1 Rent
$2,195
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
904
Unit 2 Rent
$2,195
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
904
Unit 3 Rent
$2,195
Unit 4 Beds
2
Unit 4 Baths
2.00
Unit 4 Size
904
Unit 4 Rent
$2,195
Unit 5 Beds
2
Unit 5 Baths
2.00
Unit 5 Size
904
Unit 5 Rent
$2,195
Unit 6 Beds
2
Unit 6 Baths
2.00
Unit 6 Size
904
Unit 6 Rent
$2,195
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