1489 S Columbian Wy, Seattle, WA 98144
- $799,500
- 2,760
- SqFt
Listing courtesy of Sterling Johnston Real Estate.
- List Price
- $799,500
- Status
- ACTIVE
- MLS#
- 1406920
- Price Change
- ▼ $39,500 1549523359
- Days on Market
- 21
- Style
- 52 - Duplex
- Finished SqFt
- 2,760
- Lot Size (sq ft)
- 5,740
Property Description
Desirable Beacon Hill. This multi-family property offers the opportunity to redevelop utilizing the existing LR2 zoning, update units to increase rental income or continue to operate as is. Preliminary plans are available for 10 units or 6 townhouse row apartments. 5,740 sf Lot. All three units occupied. Two tenants are month to month. One tenant lease thru Feb 2019. Walk to Jefferson Park, Light Rail station, restaurants and shopping. Quick access to downtown Seattle, I-90 & I-5 access ramps.
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Additional Information
- List Date
- 2019-01-31 00:00:00
- Community
- Beacon Hill
- Property Type
- MULT
- Units
- 3
- Stories
- 2
- Potential Terms
- Cash Out, Conventional, Rehab Loan
- Year Built
- 1956
- Total Parking
- 4
- Uncovered Parking
- 4
- Exterior
- Brick, Wood
- Roof
- Flat
- Site Features
- Deck, Fenced-Partially, Patio
- School District
- Seattle
- Total Monthly Income
- $3,700
- Gross Scheduled Income
- $44,400
- Gross Adjusted Income
- $44,400
- Annual Taxes
- $5,561
- Tax Year
- 2018
- Insurance Expense
- $847
- W/S/G Expenses
- $3,007
- Total Expenses
- $11,232
- Net Operating Income
- $33,168
- Gross Rent Multiplier
- 18
- Cap Rate
- 4
Room Dimensions
- Unit 1 Size
- 510
- Unit 1 Rent
- $900
- Unit 2 Beds
- 2
- Unit 2 Baths
- 1.00
- Unit 2 Size
- 1380
- Unit 2 Rent
- $1,550
- Unit 3 Beds
- 2
- Unit 3 Baths
- 1.00
- Unit 3 Size
- 870
- Unit 3 Rent
- $1,250
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