2236 NE 197th Place, Shoreline, WA 98155

$928,000
3,382
SqFt

Listing courtesy of Centerra LLC.

List Price
$928,000
Status
ACTIVE
MLS#
1452507
Days on Market
70
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
3,382
Lot Size (sq ft)
13,245

Property Description

Tenants do not know buildings is for sale. Please drive by only. Great location, highly desirable 4 unit. Large corner lot with good privacy. Good mix of 1's & 2s, large units, all with fireplaces, plenty of parking. Close walking distance to shopping and restaurants, on major bus route with bus stop on Ballinger only a block away. Rents very low, market rate rents for units much higher. Drive by, interior showing on accepted offer only.

Additional Information

List Date
2019-05-08 00:00:00
Community
Ballinger
Property Type
MULT
Units
4
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1978
Total Parking
8
Uncovered Parking
4
Exterior
Wood
Roof
Built-Up
Lot Details
Cul-de-sac, High Voltage Line, Open Space, Paved Street, Sidewalk
School District
Shoreline
Total Monthly Income
$53,604
Gross Scheduled Income
$53,604
Vacancy Rate
3
Gross Adjusted Income
$51,996
Annual Taxes
$10,014
Tax Year
2019
Insurance Expense
$2,200
W/S/G Expenses
$5,850
Total Expenses
$18,543
Net Operating Income
$33,453
Gross Rent Multiplier
18
Cap Rate
3

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
700
Unit 1 Rent
$975
Unit 2 Beds
2
Unit 2 Baths
2.00
Unit 2 Size
950
Unit 2 Rent
$1,200
Unit 3 Beds
2
Unit 3 Baths
2.00
Unit 3 Size
950
Unit 3 Rent
$1,250
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
700
Unit 4 Rent
$1,270
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