2211 NE 197th Place, Shoreline, WA 98155

$950,000
3,314
SqFt

Listing courtesy of Windermere Real Estate/FN. Selling Office: .

Sold Price
$950,000
List Price
$990,000
Status
SOLD
MLS#
1467348
Closing Date
Jul 31, 2019
Days on Market
40
Style
54 - 4-Plex
Building Condition
['Very Good']
Finished SqFt
3,314
Lot Size (sq ft)
8,458

Property Description

This fully occupied & well maintained 4-plex with great tenants is your investor-dream come true. Like NEVER a vacancy. Convenient location to north, south, east & west at county line. All units in good cond. w 2 just about brand new! New paint, lam floor, trim, counters, lighting, door knobs,vinyl, appl. Only 1 unit currently on lease so move into any one of 3 others w/only a 20 day notice to tenants! Gotta love Shoreline! Tenants will appreciate grocery stores+, transit, movie theaters & more!

Additional Information

List Date
2019-05-27 00:00:00
Community
Shoreline
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1978
Total Parking
8
Uncovered Parking
4
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck
Lot Details
Cul-de-sac, Curbs, Dead End Street, Paved Street, Sidewalk
School District
Shoreline
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,715
Gross Scheduled Income
$56,580
Gross Adjusted Income
$56,581
Annual Taxes
$9,263
Tax Year
2018
Insurance Expense
$1,935
W/S/G Expenses
$3,100
Total Expenses
$15,881
Net Operating Income
$40,699
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1200
Unit 1 Rent
$1,145
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
900
Unit 2 Rent
$1,095
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
900
Unit 3 Rent
$1,180
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
1300
Unit 4 Rent
$1,295
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