4508 Corliss Ave N, Seattle, WA 98103

$1,350,000
2,920
SqFt

Listing courtesy of Windermere Real Estate/East.

List Price
$1,350,000
Status
ACTIVE
MLS#
1469393
Days on Market
12
Style
53 - Tri-plex
Finished SqFt
2,920
Lot Size (sq ft)
5,700

Property Description

We are pleased to present an existing triplex and an outstanding future development site. Recently rezoned from SF 5000 to LR1 (M1), the 5,700 square foot lot offers a new owner the ability to renovate and bring rents up to market, tear down the existing structure to build 4 townhomes or any combination of options. Wallingford is a true lifestyle destination offering many restaurants, shops and parks all within walking distance.

Additional Information

List Date
2019-06-04 00:00:00
Community
University District
Property Type
MULT
Units
3
Stories
2
Potential Terms
Farm Home Loan
Year Built
1920
Total Parking
6
Uncovered Parking
6
Exterior
Wood
Roof
Composition
School District
Seattle
Total Monthly Income
$37,842
Gross Scheduled Income
$54,708
Vacancy Rate
3
Annual Taxes
$8,916
Tax Year
2019
Insurance Expense
$1,050
W/S/G Expenses
$3,960
Total Expenses
$16,866
Net Operating Income
$37,842
Gross Rent Multiplier
24
Cap Rate
2

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1000
Unit 1 Rent
$1,690
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1000
Unit 2 Rent
$1,550
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
920
Unit 3 Rent
$1,460
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