1124 Lakeview Blvd E, Seattle, WA 98102

$1,430,000
3,042
SqFt

Listing courtesy of Windermere RE Mercer Island.

List Price
$1,430,000
Status
ACTIVE
MLS#
1409107
Price Change
▼ $70,000 1553075842
Days on Market
70
Style
54 - 4-Plex
Finished SqFt
3,042
Lot Size (sq ft)
3,744

Property Description

Great investment opportunity in a prime Capitol Hill locale! Own this turnkey, easy to rent quadruplex overlooking South Lake Union--just minutes to Facebook, Google, Downtown & Broadway. All 4 units offer sweeping lake views from Gasworks Park to Downtown. Appealing 1912 architecture features original hardwoods throughout, some updates & the potential to increase rent by adding more interior updates to 2 of the units. Large basement includes tenant storage area + co-op laundry for extra income.

Additional Information

List Date
2019-02-07 00:00:00
Community
Capitol Hill
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1912
View
City, Lake, Mountain, Territorial
Exterior
Stucco
Roof
Flat, Torch Down
Site Features
Cable TV, Deck
Lot Details
Curbs, Paved Street, Sidewalk
School District
Seattle
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,483
Gross Scheduled Income
$77,796
Vacancy Rate
2
Gross Adjusted Income
$76,240
Annual Taxes
$10,392
Tax Year
2018
Insurance Expense
$1,437
Total Expenses
$11,956
Net Operating Income
$64,284
Gross Rent Multiplier
18
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
680
Unit 1 Rent
$1,550
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
680
Unit 2 Rent
$1,695
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
680
Unit 3 Rent
$1,695
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
680
Unit 4 Rent
$1,500

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