4725 38th Ave S Unit 1-4, Seattle, WA 98118

$1,500,000
3,805
SqFt

Listing courtesy of Compass Washington.

List Price
$1,500,000
Status
ACTIVE
MLS#
1468044
Days on Market
13
Style
54 - 4-Plex
Building Condition
['Good']
Finished SqFt
3,805
Lot Size (sq ft)
4,800

Property Description

Come invest in one of Seattle's hippest locales at this Columbia City 4plex. Unique opportunity w potential rental upside w spacious units. Nearly $7700 in monthly income. 2 - 3 Bedroom/1.5 Bath units and 2- 2 Bedroom/1 Bath units. Long term owner. Updated roof & interior improvements as well. Walk to Light Rail Station for access to Downtown. Many neighborhoods amenities: PCC, El Sombrero, Pagliacci's, Starbucks, Island Soul & many more shops & restaurants within blocks. Zoned NC2-55 after MHA.

Additional Information

List Date
2019-06-03 00:00:00
Community
Columbia City
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1968
Total Parking
3
Uncovered Parking
3
View
Territorial
Exterior
Wood, Wood Products
Roof
Composition
Site Features
Deck, Fenced-Partially
Lot Details
Paved Street
School District
Seattle
Elementary School
Orca (Columbia)
Middle School
Mercer Mid
High School
Franklin High
Total Monthly Income
$7,670
Gross Scheduled Income
$92,040
Vacancy Rate
3
Gross Adjusted Income
$89,279
Annual Taxes
$5,936
Tax Year
2019
Insurance Expense
$3,800
W/S/G Expenses
$7,500
Total Expenses
$21,411
Net Operating Income
$67,868
Gross Rent Multiplier
18
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$1,600
Unit 2 Beds
3
Unit 2 Baths
1.50
Unit 2 Rent
$2,220
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Rent
$1,600
Unit 4 Beds
3
Unit 4 Baths
1.50
Unit 4 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