1923 1925 N 50th St, Seattle, WA 98103

$2,750,000
3,680
SqFt

Listing courtesy of Westlake Associates, Inc..

List Price
$2,750,000
Status
PENDING
MLS#
1437913
Days on Market
51
Style
55 - 5-9 Units
Finished SqFt
3,680
Lot Size (sq ft)
10,000

Property Description

The North 50th Apartments is a two-building property with 4 units and one non-conforming unit. Located in a charming Wallingford neighborhood, this site is a corner lot with development potential of 10,000 SF zoned LR1. The unit mix consists of two- 1 bed 1 bath, and three- 2 bed 1 bath units.

Additional Information

List Date
2019-04-10 00:00:00
Community
Wallingford
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out
Year Built
1936
Total Parking
5
Uncovered Parking
5
Exterior
Brick
Roof
Torch Down
Lot Details
Corner Lot, Curbs
School District
Seattle
Total Monthly Income
$8,159
Gross Scheduled Income
$97,908
Gross Adjusted Income
$97,908
Annual Taxes
$12,198
Tax Year
2019
Insurance Expense
$977
W/S/G Expenses
$7,842
Total Expenses
$32,488
Net Operating Income
$65,420
Gross Rent Multiplier
28
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
700
Unit 1 Rent
$1,650
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
850
Unit 2 Rent
$1,835
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
950
Unit 3 Rent
$1,950
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
590
Unit 4 Rent
$1,350
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
590
Unit 5 Rent
$1,274
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