1531 23rd Ave S, Seattle, WA 98144

$3,300,000
6,252
SqFt

Listing courtesy of Alchemy Real Estate.

List Price
$3,300,000
Status
ACTIVE
MLS#
1399545
Days on Market
10
Style
55 - 5-9 Units
Building Condition
['Very Good']
Finished SqFt
6,252
Lot Size (sq ft)
4,705

Property Description

Investors! Judkins Station is a prime Seattle new construction investment just steps to the new I-90 light rail station. Units are all well appointed, low maintenance and come with a one year warranty. Ideal 1031 exchange and with attractive commercial rates. Act today to stretch your return. This is a 6 unit row home project with all units move-in ready.

Additional Information

List Date
2019-01-10 00:00:00
Community
Judkins
Property Type
MULT
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
2018
View
City, Territorial
Exterior
Wood Products
Roof
Flat
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Thurgood Marshall El
Middle School
Wash Mid
High School
Franklin High
Total Monthly Income
$16,100
Gross Scheduled Income
$193,200
Vacancy Rate
5
Gross Adjusted Income
$183,540
Annual Taxes
$27,646
Tax Year
2020
Insurance Expense
$2,150
Total Expenses
$29,796
Net Operating Income
$153,744
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.75
Unit 1 Size
1042
Unit 1 Rent
$2,750
Unit 2 Beds
2
Unit 2 Baths
1.75
Unit 2 Size
1042
Unit 2 Rent
$2,650
Unit 3 Beds
2
Unit 3 Baths
1.75
Unit 3 Size
1042
Unit 3 Rent
$2,650
Unit 4 Beds
2
Unit 4 Baths
1.75
Unit 4 Size
1042
Unit 4 Rent
$2,650
Unit 5 Beds
2
Unit 5 Baths
1.75
Unit 5 Size
1042
Unit 5 Rent
$2,650
Unit 6 Beds
2
Unit 6 Baths
1.75
Unit 6 Size
1042
Unit 6 Rent
$2,750
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