3447 23rd Ave W, Seattle, WA 98199

$1,350,000
3,555
SqFt

Listing courtesy of Paragon Real Estate Advisors.

List Price
$1,350,000
Status
ACTIVE
MLS#
1440190
Days on Market
92
Style
53 - Tri-plex
Finished SqFt
3,555
Lot Size (sq ft)
7,000

Property Description

Magnolia Triplex featuring spectacular East facing views of Interbay and Queen Anne. This rare opportunity offers a newly renovated, turnkey investment including vinyl plank flooring, tile countertops and refinished cabinets. 3 spacious 1,185 SF 2BD/1.5BTH units with large decks attached to each unit. Potential exists to add 1 - 2 units or build townhomes. The property is zoned for a total of 5 units.

Additional Information

List Date
2019-04-16 00:00:00
Community
Magnolia
Property Type
MULT
Units
3
Stories
3
Potential Terms
Cash Out
Year Built
1967
Total Parking
7
Exterior
Wood, Wood Products
Roof
Composition
School District
Seattle
Total Monthly Income
$6,965
Gross Scheduled Income
$83,040
Vacancy Rate
3
Gross Adjusted Income
$80,549
Annual Taxes
$10,177
Tax Year
2018
Insurance Expense
$1,307
W/S/G Expenses
$3,300
Total Expenses
$16,834
Net Operating Income
$63,715
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
1185
Unit 1 Rent
$2,250
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1185
Unit 2 Rent
$2,150
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
1185
Unit 3 Rent
$2,250
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks