812 29th Ave S, Seattle, WA 98144

$4,400,000
6,408
SqFt

Listing courtesy of Windermere RE/Capitol Hill,Inc.

List Price
$4,400,000
Status
ACTIVE
MLS#
1470147
Days on Market
74
Style
55 - 5-9 Units
Building Condition
['Average']
Finished SqFt
6,408
Lot Size (sq ft)
15,000

Property Description

Amazing opportunity to own two 4 plex buildings and one vacant lot in the epicenter of a hot thriving urban community. 3 lots totaling 15,000sq ft, all zoned LR2 for massive future development potential! Or improve current building interiors to increase already steady rents. Just 7 blocks away from the cool Jackson/23rd project that will provide grocery stores, shops, restaurants & a beautiful public promenade. Great income investment with sweet development possibilities!

Additional Information

List Date
2019-06-06 00:00:00
Community
Central Area
Property Type
MULT
Units
8
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
1963
Total Parking
9
Uncovered Parking
2
View
Territorial
Exterior
Stucco
Roof
Flat
Site Features
Deck
Lot Details
Curbs, Open Space, Paved Street, Sidewalk, Value In Land
School District
Seattle
Elementary School
Thurgood Marshall El
Middle School
Wash Mid
High School
Garfield High
Total Monthly Income
$11,200
Gross Scheduled Income
$102,000
Gross Adjusted Income
$66,847
Annual Taxes
$16,235
Tax Year
2018
Insurance Expense
$5,118
W/S/G Expenses
$13,800
Total Expenses
$35,153
Net Operating Income
$35,153
Gross Rent Multiplier
49
Cap Rate
7

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
800
Unit 1 Rent
$1,400
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
800
Unit 2 Rent
$1,400
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
800
Unit 3 Rent
$1,400
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Size
800
Unit 4 Rent
$1,400
Unit 5 Beds
2
Unit 5 Baths
1.00
Unit 5 Size
800
Unit 5 Rent
$1,400
Unit 6 Beds
2
Unit 6 Baths
1.00
Unit 6 Size
800
Unit 6 Rent
$1,400
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