1619 S Lane St, Seattle, WA 98144

$770,995
1,680
SqFt

Listing courtesy of Lake & Company. Selling Office: .

Sold Price
$770,995
List Price
$775,000
Status
SOLD
MLS#
1450701
Closing Date
Jun 14, 2019
Days on Market
7
Style
52 - Duplex
Building Condition
['Remodeled']
Finished SqFt
1,680
Lot Size (sq ft)
3,240

Property Description

Investor Alert! Don't let the cover photo fool you. This 1906 duplex centrally located between Cap Hill, Downtown and the Central District has been completely gutted and renovated. It has a competitive market advantage because of the unique kitchens and layouts. 0% vacancy rate. Income producing property as is, and is zoned for 4 units or 2nd building behind existing. Up and coming trendy neighborhood.

Additional Information

List Date
2019-05-10 00:00:00
Community
Central Area
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1906
Exterior
Metal/Vinyl
Roof
Composition
Site Features
Cable TV
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
$4,395
Gross Scheduled Income
$52,740
Gross Adjusted Income
$52,740
Annual Taxes
$5,044
Tax Year
2018
Insurance Expense
$875
W/S/G Expenses
$3,250
Total Expenses
$9,169
Net Operating Income
$43,571
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
840
Unit 1 Rent
$2,300
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
840
Unit 2 Rent
$2,095
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