2315 W Lynn St, Seattle, WA 98199

$1,800,000
4,382
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,800,000
Status
ACTIVE
MLS#
1437129
Days on Market
9
Style
55 - 5-9 Units
Finished SqFt
4,382
Lot Size (sq ft)
4,000

Property Description

7-unit (including one non-conforming unit) building located in the Magnolia neighborhood of Seattle. First time on the market in 20+ years. Building offers secured access entry, private decks or patios, quick access to the downtown CBD and SLU neighborhoods and covered on-site parking. Select units have views of Elliott Bay. This is an excellent reposition opportunity.

Additional Information

List Date
2019-04-09 00:00:00
Community
Magnolia
Property Type
MULT
Units
7
Stories
3
Potential Terms
Cash Out
Year Built
1970
Total Parking
7
Uncovered Parking
4
Exterior
Wood, Wood Products
Roof
Flat
School District
Seattle
Total Monthly Income
$10,880
Gross Scheduled Income
$130,560
Vacancy Rate
4
Gross Adjusted Income
$125,338
Annual Taxes
$13,957
Tax Year
2018
Insurance Expense
$1,905
W/S/G Expenses
$8,697
Total Expenses
$37,261
Net Operating Income
$88,077
Gross Rent Multiplier
13
Cap Rate
4

Room Dimensions

Unit 1 Baths
1.00
Unit 1 Size
500
Unit 1 Rent
$1,150
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
647
Unit 2 Rent
$1,450
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
647
Unit 3 Rent
$1,450
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
647
Unit 4 Rent
$1,450
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
647
Unit 5 Rent
$1,450
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
647
Unit 6 Rent
$1,450

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